A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries

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A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries for
(a) The issuance of the note and
(b) The payment of the note at maturity, including interest.

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 08:21 AM

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A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries

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Financial Accounting An Integrated Statements Approach

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