hi, i cant seem to solve this problem 10.2B, its from the book of Fundamental Accounting, please i need help solving it.
thank you:)
Problem 10-2B Transactions with current notes payable LOS Problem 10-2B Excel template Brad's Building Supplies entered into the following transactions involving current liabilities during 2017 and 2018 or . 600. The e 210 2/10 2017 4 Purchased and on the from Sha a perpetrar 2 211 000 from the P a rty Path a n Se Shape o d 350.000 for 30 3 5 oson Now Dec S how on 16 216,000 to 60 w me on , 31 dhe me 31 gew o 2018 15 16 the oth e r on Click here for a description of List Problem 10-28 Required prepare journal entries to record these transactions for Brad's Building Supplies Problem 10-2B Transactions with current notes payable Log Xcel Problem 10-2B Excel template Brad's Building Supplies entered into the following transactions involving current liabilities during 2017 and 2018 Fob. 2017 4 Mar. 2 Purchased merchandise on crodh from Shapo Products for $68.600. The terms were 2/10.1/60. Assume Brad uses a perpetual inventory system: ignoro sales taxes. Borrowed $215.000 from the first Provincial Bank by signing a note payable for 30 days at 3.5%. Paid the First Provincial Bank note. Gino Shape Products $18.600 cash and a $50,000, 30 day. 5% note to secure an extension on Brad's past-duo account Paid the noto given to Shape on April 5. Borrowed $216,000 at prst Provincial Bank by signing a note payable for 60 days at 4%. Borrowed money at the Bank of Montreal by going a $300,000. 90 day, 5% not payable Recorded an adjusting entry for the accrual of interest on the noto to the First Provincial Bank Recorded an adjusting entry for the accrual of interest on the note to the Bank of Montreal 31 31 2018 15 1 Jan. Mar. Paid the November 16 note to First Provincial Bank. Paid the principal and interest on the December 1 not given to the Bank of MONO Click here for a description of List: Problem 10-2B. RequiredPrepare journal entries to record these transactions for Brad's Building Supplies