Prepare journal entries without explanations for the following transactions involving notes payable for Gomez Company, whose fiscal year ends June 30..
June 20 Paid a trade account payable with a 90-day, 9 percent $60,000 note. Interest is in addition to the face value.

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The Answer of Prepare journal entries without explanations for the following transactions involving notes payable for Gomez Company, whose fiscal year ends June 30..
June 20 Paid a trade account payable with a 90-day, 9 percent $60,000 note. Interest is in addition to the face value.

Prepare Journal Entries Without Explanations for the Following Transactions Involving