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Ex: 3 On December 1, Will by signing a 90-day, 9% note payable. ams Company borrowed $45,000 cash from Second National Bank a. Prepare Williams'
Ex: 3 On December 1, Will by signing a 90-day, 9% note payable. ams Company borrowed $45,000 cash from Second National Bank a. Prepare Williams' journal entry to record the issuance of the note payable. Prepare Williams' journal entry to record the accrued interest due at December 3I c. Prepare Williams' journal entry to record the payment of the note on March 1 of the next year
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
