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Consider the following note payable transactions of Hernandez Video Productions. 2020 - May 1 Purchased equipment costing $10,700 by issuing a one-year, 5% note payable.
Consider the following note payable transactions of Hernandez Video Productions. 2020 - May 1 Purchased equipment costing $10,700 by issuing a one-year, 5% note payable. - December 31 Accrued interest on the note payable. 2021 - May 1 Paid the note payable plus interest at maturity. Journalize the transactions for the company. Consider the following note payable transactions of Hernandez Video Productions. 2020 - May 1 Purchased equipment costing $10,700 by issuing a one-year, 5% note payable. - December 31 Accrued interest on the note payable. 2021 - May 1 Paid the note payable plus interest at maturity. Journalize the transactions for the company
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