Question
eBook Show Me How Question Content Area Entries for notes payable Bennett Enterprises issues a $384,000, 60-day, 9%, note to Spectrum Industries for merchandise inventory.
eBook Show Me How Question Content Area Entries for notes payable Bennett Enterprises issues a $384,000, 60-day, 9%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank. Question Content Area a. Journalize Bennett Enterprises entries to record: the issuance of the note. the payment of the note at maturity. 1. - Select - - Select - - Select - - Select - 2. - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area b. Journalize Spectrum Industries entries
On December 31, journalize the entry to record the periods payroll. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
---|---|---|---|---|---|---|---|---|
1 | ||||||||
2 | ||||||||
3 | ||||||||
4 | ||||||||
5 | ||||||||
6 |
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