Question
Exercise 10-1 (Part Level Submission) Kelly Jones and Tami Crawford borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business,
Exercise 10-1 (Part Level Submission)
Kelly Jones and Tami Crawford borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business, JCs Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018.
Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Date | Account Titles and Explanation | Debit | Credit |
| June 30 |
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Easy Paycheck Budget Planne Mastering Money Management And Achieving Financial Results
Authors: Roy Darling
1st Edition
B0CM126V4M
