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Calculator Entries for notes payable Instructions Chart of Accounts Journal Instructions Bull City Industries is considering issuing a $100.000,7% note to a creditor on account
Calculator Entries for notes payable Instructions Chart of Accounts Journal Instructions Bull City Industries is considering issuing a $100.000,7% note to a creditor on account Chart of Accounts CHART OF Bull City Required: a the note is issued with a 45-day form, journate the entries to record (refer to the company's Chart of Accounts for exact wording of account les): 1. the issuance of the note 2. the payment of the note af maturity. Assume a 300-day year. b. W the note is issued with a 90-day term joumail the entries to record (refer to the company's Chart of Accounts for exact wording of account es General ASSETS 1. the issuance of the note 110 Cash 111 Accounts Receivable 112 Interest Receivable 13 Notes Receivable 2. the payment of the payment of the note at maturity. Assume a 360-day year + ournal 15 Inventory at the note is issued with a 45-day form. joumate the entries to record prefer to the companys Chart of Accounts for exact wording of account les): 1. the issuance of the note on January 1. 2. the payment of the note al maturity on February 15. Assume a 360-day year PAGE 1 ACCOUNTING EQUATION JOURNAL CREDIT ASSETS LIABILITIES EQUITY DEBIT DESCRIPTION POST. REF DATE 1
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