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Current Attempt in Progress Vaughn Enterprises had the following transactions involving notes payable (amounts in thousands). July 1, 2020 Borrows NT$51,500 from First Taiwan
Current Attempt in Progress Vaughn 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 Dec. 31, 2020 Feb. 1.2021 Apr. 1, 2021 Borrows NT$64,400 Nantou City Bank by signing a 3-month, 6% note Prepares.justing entries Pays principal and interest to Nantou City Bank. Pays principal and interest to First Taiwan Bank Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation (To record adjusting entry for First Taiwan Bank note) (To record adjusting entry for Nantou City Bank note.) Debit
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