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Hello, I was hoping someone could help with my accounting practice work. During 2018, O'Neil paid off both current liabilities that were left over from
Hello, I was hoping someone could help with my accounting practice work.
During 2018, O'Neil paid off both current liabilities that were left over from 2017, borrowed cash on short-term notes payable, and accrued salaries expense. Journalize all four of these transactions for O'Neil during 2018. Assume no interest on short-term notes payable of $15,500. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the payoff of the short-term notes payable from 2017 Debit Credit Date Accounts and Explanation 2018Step by Step Solution
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