Mr. and Mrs. Davis, tenants, decide to have their apartment redecorated, on June 15. Contractor Jones says he will do the job for $4,000 and informs Smith (the property owner), by registered letter, the job will be completed by June 13.
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On january 1st, 2014, brenner company purchased at face value, a $1,000, 6% bond that pays interest on january 1st and july 1st. brenner company has a calendar year end. the entry for the receipt of interest on july 1st, 2014, is
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