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Consider the following note payable transactions of Crandell Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits
Consider the following note payable transactions of Crandell Video Productions. (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.) Jul. 1, 2023: Purchased equipment costing $14,000 by issuing a one-year, 9% note payable. Date 2023 Jul. 1 Accounts and Explanation Dec. 31, 2023: Accrued interest on the note payable. Date: 2023 Dec. 31 Debit Credit Accounts and Explanation Debit Credit Jul. 1, 2024: Paid the note cavable plus interest at maturity. More info Jul. 1, 2023 Dec. 31, 2023 Jul. 1, 2024 Purchased equipment costing $14,000 by issuing a one-year, 9% note payable. Accrued interest on the note payable. Paid the note payable plus interest at maturity
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