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Cimmaron Sports Authority purchased inventory costing $ 2 6 , 0 0 0 by signing a 6 % , six - month, short - term
Cimmaron Sports Authority purchased inventory costing $ by signing a sixmonth, shortterm note payable. The purchase occurred on June Cimmaron will pay the entire note principal and interest on the note's maturity date of December Journalize the company's a purchase of inventory; and b payment of the note plus interest on December Record debits first, then credits. Exclude explanations from any journal entries.
a Journalize the company's purchase of inventory.
Journal Entry
tableJournal Entry,,Accounts,Debit,Credit,Date
b Journalize the company's payment of the note plus interest on December
Journal Entry
tableDateAccounts,Debit,Credit,Dec
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