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11. On May 1, 2018, Plumbing Services issued a long-term note payable for RM35,000. The note will be paid over five-years with annual principal payments
11. On May 1, 2018, Plumbing Services issued a long-term note payable for RM35,000. The note will be paid over five-years with annual principal payments of RM7,000, plus interest, on May 1 of each year beginning on May 1, 2019. Prepare the journal entry for the issuance of the note. Omit explanation. *
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Simplifying Finance And Accounting Function
Authors: Mr. Dauji Gupta
1st Edition
9353467276, 978-9353467272
