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Consider the following note payable transactions of Cadek Video Productions. A(Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits
Consider the following note payable transactions of Cadek Video Productions. A(Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug. 1, 2017: Purchased equipment costing $22,000 by issuing a one-year, 6% note payable. Accounts and Explanation Debit Date Credit 2017 O More Info 22,000 Equipment Notes Payable Aug. 1 22,000 2017 Aug. 1Purchased equipment costing $22,000 by issuing a one-year, 6% note payable. Purchased equipment in exchange for one-year, 6% note. Dec. 31Accrued interest on the note Dec. 31, 2017: Accrued interest on the note payable. payable. Accounts and Explanation Credit Date Debit 2018 2017 Aug. 1Paid the note payable plus interest at maturity. Dec. 31 Print Done
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