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1. On October 1, 2013, Microchip lent $90,000 to another company. A note was signed with principal and 8% interest to be paid on September
1. | On October 1, 2013, Microchip lent $90,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2014. |
2. | On November 1, 2013, the company paid its landlord $6,000 representing rent for the months of November through January. Prepaid rent was debited. |
3. | On August 1, 2013, collected $12,000 in advance rent from another company that is renting a portion of Microchip |
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