DE11-2 Return to the $8.000 purchase of inventory on a short-term note payable that begins on page

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DE11-2 Return to the $8.000 purchase of inventory on a short-term note payable that begins on page 426. Assume that the purchase of inventory occurred on June 30, 20X1. instead of September 30, 20X1. Journalize the company's

(a) purchase of inventory,

(b) accrual of interest expense on December 31, 20X1. and

(c) payment of the note plus interest on June 30, 20X2.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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Question Posted: Jul 08, 2024 02:05 AM

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DE11-2 Return to the $8.000 purchase of inventory on a short-term note payable that begins on page

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Accounting

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