Question
4.On August 15, Crenshaw Inc borrowed $80,000 cash from Wells Fargo by signing a 5%, 90-day note payable. (5 points) a. Prepare Crenshaw's journal entry
4.On August 15, Crenshaw Inc borrowed $80,000 cash from Wells Fargo by signing a 5%, 90-day note payable. (5 points)
a. Prepare Crenshaw's journal entry to record the issuance of the note payable.
b. Prepare Crenshaw's journal entry to record the payment of the note at maturity.
a. Prepare Crenshaw's journal entry to record the issuance of the note payable.
DateAccount NameDebit Credit
b. Prepare Crenshaw's journal entry to record the payment of the note at maturity.
DateAccount NameDebit Credit
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Payroll Accounting
Authors: Bernard J Bieg, Judith A Toland
29th Edition
1337673196, 9781337673198
