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1. On August 1, 2018 Barkley Corporation purchased equipment for $90,000 from RCH Company, paying $18,000 in cash and signing a 9% note for the
1. On August 1, 2018 Barkley Corporation purchased equipment for $90,000 from RCH Company, paying $18,000 in cash and signing a 9% note for the balance. Interest and the note balance are due in full on July 31, 2019.
2. On September 30, 2018, Barkley Corporation borrowed $275,862 from Fast Eddies Financing. Barkley signed a promise to pay contract -- agreeing to pay $300,000 at the end of 12 months on September 30, 2019.
Barkley Corporation has a year end of December 31st.
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