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E-8-6) 2. Determine de Valdeor the end of the year. es Payable occurred during the fiscal year to th E 8-4 The following transactions with
E-8-6) 2. Determine de Valdeor the end of the year. es Payable occurred during the fiscal year to th E 8-4 The following transactions with respect to Notes Payable occurred 20 AC 20X8. 5 April te to Mine Bank. The face value included 11 May The company signed a 120-day, TL 66.000 note to Mine Bank the interest of TL 2.980. The company issued a 60-day note to a supplier as a se issued a 60-day note to a supplier as a settlement of an Account Pau amounting to TL 18.000 and agreed to pay interest of 16% per annum att of the note. 30 June 10 July 3 Aug The company recorded the necessary adjusting entries at the end of the fiscal The company paid off the note and the interest due to the supplier. The company paid the amount due to the bank on the 120 day note. Required: Record the transactions in the general journal. Explanations are not needed. Problems P8-1 Viva Company is engaged in manufacturing and sales of indust og transactions occurred during October 20X9 for th p any: The fo 2 Oct Purchased raw materials for TI 200
E-8-6)
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