On Jan 1, 2013, Dawson Corporation borrows $300,000 and signs a 5-year, 6% note payable. Blended monthly payments of $5,800 are required, beginning Feb 1, 2013.
a. Record the journal entry for Dawson on January 1.
b. Record the journal entry for Dawson on February 1.

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The Answer of On Jan 1, 2013, Dawson Corporation borrows $300,000 and signs a 5-year, 6% note payable. Blended monthly payments of $5,800 are required, beginning Feb 1, 2013.
a. Record the journal entry for Dawson on January 1.
b. Record the journal entry for Dawson on February 1.

On Jan 1, 2013, Dawson Corporation Borrows $300,000 and Signs