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1 2005 On November 1, 2024, Backpacking Training Corporation borrows $41,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note
1 2005 On November 1, 2024, Backpacking Training Corporation borrows $41,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31 Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lat Journal entry worksheet Record the issuance of note Date November 01, 2004 General Journal Debit Credit 1 2005844 On November 1, 2024, Backpacking Training Corporation borrows $41,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the adjusting entry for interest. Note: Enter debits before credits Date December 31, 2024 General Journal Debit Credit > 1 COSES On November 1, 2024, Backpacking Training Corporation borrows $41,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31 Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the repayment of the note and payment of interest at maturity Enter debts before credits Date January 31, 2025 General Journal Debit Credit
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