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2018 Feb 1 Purchased equipment costing $42,000 by issuing a one-year, 9% note payable. Accrued interest on the note payable. Dec 31 2019 Feb 1
2018 Feb 1 Purchased equipment costing $42,000 by issuing a one-year, 9% note payable. Accrued interest on the note payable. Dec 31 2019 Feb 1 Paid the note payable at maturity. Record the following note payable transactions of Cranmore Corp in the company's journal. Round intermediate interest calculations to the nearest cant and final amounts to the nearest dollar. Explanations are not required. (Record dobits first, then credits. Exclude explanations from any journal entries) Click the icon to view the transactions.) Feb 1, 2018: Purchased equipment costing $42,000 by issuing a one-year, 9% note payable. General Journal Accounts Debit Credit Date 2018 Fab 1 Note payable, short-term Follow Cash econ he ic Equipment orp. in the company's journal. Round intermedia is from any journal entries.) Interest expense 18: Pur Interest payable Note payable, short-term Sales revenue 1 Note payable, short-term a one-year, 9% note payable. Debit Credit 24 2019. Annnind internet on the note naushle Feb 1, 2018: Purchased equipment costing $42,000 by issuing a one-year, 9% note payable.. General Journal Date 2018 Accounts Feb Note payable, short-term Dec 31, 2018: Accrued interest on the note payable. Debit Credit ec 31, 2018: Accrued interest on the note payable. General Journal Date Accounts Debit Credit Dec 31 Feb 1, 2019: Paid the note payable at maturity. Feb 1, 2019: Paid the note payable at maturity. Date 2019 Feb General Journal Accounts Debit Credit
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