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4) On December 1, Williams Company borrowed $45,000 cash from Second National Bank by signing a 90- day, 9% note payable. a. Prepare Williams' journal
4) On December 1, Williams Company borrowed $45,000 cash from Second National Bank by signing a 90- day, 9% note payable. a. Prepare Williams' journal entry to record the issuance of the note payable. b. Prepare Williams' journal entry to record the accrued interest due at December 31 c. Prepare Williams' journal entry to record the payment of the note on March 1 of the next year
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen
4th Edition
0073128155, 978-0073128153
