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If applicable, write a proper journal entry for the bold business transaction below in proper journal entry form. Make sure you use the exact account
If applicable, write a proper journal entry for the bold business transaction below in proper journal entry form. Make sure you use the exact account names below. You will not use all of the accounts. Use "No entry" as the account name and "0" for the debit and credit amounts if no entry is needed. Every box must be filled in. Important: Do NOT enter dollar signs, extra spaces, punctuation, or trailing zeroes. Company paid one month interest for the following note (from a previous transaction): CMK, Inc. signed and closed on a seven - month note payable in the amount of $75,000 today. The note requires Company to pay interest at an annual rate of 8%, interest due every month starting the first of next month. If applicable, write a proper journal entry for the bold business transaction below in proper journal entry form. Make sure you use the exact account names below. You will not use all of the accounts. Use "No entry" as the account name and "0" for the debit and credit amounts if no entry is needed. Every box must be filled in. Important: Do NOT enter dollar signs, extra spaces, punctuation, or trailing zeroes. Company paid one month interest for the following note (from a previous transaction): CMK, Inc. signed and closed on a seven - month note payable in the amount of $75,000 today. The note requires Company to pay interest at an annual rate of 8%, interest due every month starting the first of next month
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