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Consider the following note payable transactions of Creative Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. Record debits
Consider the following note payable transactions of Creative 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.) Aug. 1, 2017: Purchased equipment costing S1 6,000 by issuing a one-year, 996 note payable Credit Accounts and Explanation Debit Date 2017 Aug. 1 More Info 2017 Aug. 1 Purchased equipment costing $16,000 by issuing a one-year, 9% Dec. 31 Accrued interest on the note payable note payable Dec. 31, 2017: Accrued interest on the note payable 2018 Accounts and Explanation Debit Credit Date 2017 Dec. 31 Aug. 1 Paid the note payable plus interest at maturity Print Done Aug. 1, 2018: Paid the note payable plus interest at maturity Accounts and Explanation Debit Credit Date 2018 Choose from any list or enter any number in the input fields and then continue to the next
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