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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
النسخة 4الرقم المعياري الدولي: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
النسخة 4الرقم المعياري الدولي: 978-0078025372 تمرين 15
Recording a Note Payable
Greener Pastures Corporation borrowed $1,000,000 on November 1, 2012. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2013. Show the accounting equation effects and prepare the journal entries for ( a ) the note issued on November 1 and ( b ) the interest accrual on December 31.
Greener Pastures Corporation borrowed $1,000,000 on November 1, 2012. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2013. Show the accounting equation effects and prepare the journal entries for ( a ) the note issued on November 1 and ( b ) the interest accrual on December 31.
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Show the accounting equation effects:
(...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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