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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 joumal entry table.) Aug. 1, 2023: Purchased equipment costing $18,000 by issuing a one-year, 9% note payable. Date Accounts and Explanation Debit - X Credit More info 2023 Aug. 1 Aug. 1, 2023 Purchased equipment costing $16.000 by issuing a one-year, 9% note payable Dec. 31, 2023 Aug. 1, 2024 Accrued interest on the note payable. Paid the note payable plus interest at maturity. Dec 31, 2023: Accrued interest on the note payable. Date Accounts and Explanation Debit Credit Print Done 2023 Dec. 31 Aug. 1, 2024: Paid the note payable plus interest at maturity
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