Question
A business issued a 60-day note for $60,000 to a bank. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry
A business issued a 60-day note for $60,000 to a bank. The note was discounted at 8%. Assume a 360-day year.
a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank.
| fill in the blank 31e2bff6c018fa8_2 | fill in the blank 31e2bff6c018fa8_3 | ||
| fill in the blank 31e2bff6c018fa8_5 | fill in the blank 31e2bff6c018fa8_6 | ||
| fill in the blank 31e2bff6c018fa8_8 | fill in the blank 31e2bff6c018fa8_9 |
b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank.
| fill in the blank 899cf7ffe032fb9_2 | fill in the blank 899cf7ffe032fb9_3 | ||
| fill in the blank 899cf7ffe032fb9_5 | fill in the blank 899cf7ffe032fb9_6 |
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Using Equity Audits To Create Equitable And Excellent Schools
Authors: Linda E. Skrla, Kathryn B. McKenzie, James Joseph Scheurich
1st Edition
1412939321, 978-1412939324
