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Consider the following note payable transactions of Crandell Video Productions. 2 0 1 5 Jun. 1 Purchased equipment costing $ 1 0 , 0 0
Consider the following note payable transactions of Crandell Video Productions.
Jun. Purchased equipment costing $ by issuing a oneyear, note payable.
Dec. Accrued interest on the note payable.
Jun. Paid the note payable plus interest at maturity.
Journalize the transactions for the company. Record debits first, then credits. Select the explanation on the last line of the journal entry table.
Jun. : Purchased equipment costing $ by issuing a oneyear, note payable.
tableDateAccounts and Explanation,Debit,CreditJun
Dec. : Accrued interest on the note payable.
Jun. : Paid the note payable plus interest at maturity.
tableDateAccounts and Explanation,Debit,CreditJun
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