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hello could someone help me with this exercice ? Do records of these transactions: On April 20, purchased $ 37 500 of merchandise on credit
hello could someone help me with this exercice ?
Do records of these transactions:
On April 20, purchased $ 37 500 of merchandise on credit from Cheny, term are 1/10, n/30.
On May 15 replaced the account payable to Cheny with a 90-day, $ 30 000 note bearing 12 % annual
interest along with paying $ 7 500 in cash
On August 13 paid the amount due on the note to Cheny at maturity.
On September 1 borrowed $ 55 000 cash from U.O Bank by signing an 8 %, 60-day interest-bearing
noe
On October 31 paid the amount due on the note to U.O Banks at maturity
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