Question
How would I enter in general journal? 1) The company lent $20,400. The note required principal and interest at 9% be paid on February 28,
How would I enter in general journal?
1) The company lent $20,400. The note required principal and interest at 9% be paid on February 28, 2022.
2) On October 1, 2021, Pastina signed a $50,400 note that requires interest to. Paid annually on September 30 at 12% and will have principal due in 10 years.
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Step: 1
To record the transactions in the general journal you would follow these steps 1 The company lent 20...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
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