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Apr. 30 Issued a $198,000, 30-day, 6% note dated April 30 to Misner Co. on account. May 30 Paid Misner Co. the amount owed on
| Apr. 30 | Issued a $198,000, 30-day, 6% note dated April 30 to Misner Co. on account. |
| May 30 | Paid Misner Co. the amount owed on the note dated April 30. |
| Required: | |
| Journalize the above transaction, assuming a 360-day year is used for interest calculations. Refer to the Chart of Accounts for exact wording of account titles |
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Financial Accounting
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
9th Edition
1118608208, 978-1118608203
