L13Notes Receivable
Channel: Robert Dares - Turner Fenton SS (2572)
Date: 2020-04-07

This video looks at the differences between Accounts Receivable and Notes Receivable.  It also goes through how to journalize the conversion of an Accounts Receivable to a Notes Receivable account.  Furthermore, it looks at how to calculate and journalize accrued interest.  It tests your understanding of converting a Notes Receivable back to an Account Receivable and what you should do if the collection of the debt is doutbful.