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Current Attempt in Progress Coronado Enterprises had the following transactions involving notes payable amounts in thousands). July 1, 2020 Borrows NT$51,500 from First Taiwan Bank
Current Attempt in Progress Coronado Enterprises had the following transactions involving notes payable amounts in thousands). July 1, 2020 Borrows NT$51,500 from First Taiwan Bank by signing a 9-month, 8% note. Nov. 1, 2020 Borrows NT$63,800 Nantou City Bank by signing a 3-month, 6% note. Dec. 31, 2020 Prepares adjusting entries. Feb. 1, 2021 Pays principal and interest to Nantou City Bank. Apr. 1.2021 Pays principal and interest to First Taiwan Bank. Tor the amounts. Date Account Titles and Explanation Debit Credit (To record adjusting entry for First Taiwan Bank note.) Ud! (To record adjusting entry for Nantou City Bank note.)
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