S9-2. (Learning Objective 1: Reporting a short-term note payable and the related interest in the financial statements)
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S9-2. (Learning Objective 1: Reporting a short-term note payable and the related interest in the financial statements) This short exercise works with Short Exercise 9-1.
1. Refer to the data in Short Exercise 9-1. Show what the company would report on its Balance Sheet at June 30, 20X1, and on its Income Statement for the year ended on that date.
2. What single item will the financial statements for the year ended June 30, 20X2, report?
Identify the financial statement, the item, and its amount.
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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