Question
Determine the journal entry that the borrower must be made when National Bank lends Florida Paper Company $100,000 on January 1 to record the proceeds
Determine the journal entry that the borrower must be made when National Bank lends Florida Paper Company $100,000 on January 1 to record the proceeds and the issuance of the note. Florida Paper Company signs a $100,000, 8%, 6-month note.
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
