On September 1 2016 Dougherty Corp. accepted a six-month 7% $45000 interest-bearing note from Rozelle Company in payment of an account receivable. Doughertys year-end is December 31. Rozelle paid the note and interest on the due date.
On September 1 2016 Dougherty Corp. accepted a six-month 7% $45000 interest-bearing note from Rozelle Company in payment of an…