A business issued a 30-day, 4% note for $60,000 to a creditor on account. Journalize the entries
Question:
A business issued a 30-day, 4% note for $60,000 to a creditor on account. Journalize the entries to record
(a) The issuance of the note
(b) The payment of the note at maturity, including interest.
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a Accounts Payable 60000 Notes Payable ...View the full answer
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Related Book For 
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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