A business issued a 60 -day, (7 %) note for ($ 15,000) to a creditor on account.

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A business issued a 60 -day, $7 \%$ note for $\$ 15,000$ to a creditor on account. Journalize the entries to record

(a) the issuance of the note and

(b) the payment of the note at maturity, including interest.

objs. $2,3,4$

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Financial Accounting

ISBN: 9780324380675

10th Edition

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

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Question Posted: Jun 11, 2024 12:01 AM

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A business issued a 60 -day, (7 %) note for ($ 15,000) to a creditor on account.

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Financial Accounting

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