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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 47
Entries for notes payable
A business issued a 120-day, 5% note for $90,000 to a creditor on account. Journalize the entries to record (A) the issuance of the note and (B) the payment of the note at maturity, including interest.
A business issued a 120-day, 5% note for $90,000 to a creditor on account. Journalize the entries to record (A) the issuance of the note and (B) the payment of the note at maturity, including interest.
Explanation
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Note Payable is issued by the debtors to...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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