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During 2 0 2 4 , Oriole Co . borrowed cash from Blue 5 pruce Company by issuing notes payable as follows; 1 . June
During Oriole Co borrowed cash from Blue pruce Company by issuing notes payable as follows; June issued an eightmonth, note for $ Interest and principal are payable at maturity, Ooctober issued a threemonth, note for $ Interest is payable monthly on the frst day of the month. Principal is payable at maturity, Oriole has a November fiscal year end and prepares adjusting entries on an annual basis. Prepare all necessary interest payment transactions for Oriole in and Prepare separate adjusting entries for each note. Credit account ites ore outomoticalhy indented when omount is entered. Do not indent monualhy. f no entry is required, select No Entry" for the account btles and enter for the dmounts. List all debit entries before credit entries.,
During Oriole Co borrowed cash from Blue pruce Company by issuing notes payable as follows;
June issued an eightmonth, note for $ Interest and principal are payable at maturity,
Ooctober issued a threemonth, note for $ Interest is payable monthly on the frst day of the month.
Principal is payable at maturity,
Oriole has a November fiscal year end and prepares adjusting entries on an annual basis.
Prepare all necessary interest payment transactions for Oriole in and Prepare separate adjusting entries for each
note. Credit account ites ore outomoticalhy indented when omount is entered. Do not indent monualhy. f no entry is required, select
No Entry" for the account btles and enter for the dmounts. List all debit entries before credit entries.,
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