Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can anyone pls help me solve this question. this is for my ongoing exam.can you pls solve it within 45 minutes.Thank you so much On

can anyone pls help me solve this question. this is for my ongoing exam.can you pls solve it within 45 minutes.Thank you so much

image text in transcribed

On October 1, Marigold Computers borrows $75800 from Provincial Bank on a $75800, 2-month, 6% note. Assuming interest was accrued at December 31, the entry by Marigold Computers to record payment of the note and accrued interest on January 1 is: 76558 O Notes Payable Cash 76558 Notes Payable Interest Payable Cash 75800 758 76558 he Notes Payable Interest Payable Cash 75800 4548 80348 75800 Notes Payable Interest Expense Cash 758 76558

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions