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Illustrate the effects on the accounts and the financial statements of each of the following transactions: apr 30 Issued a 70,000 60 day 6% note
Illustrate the effects on the accounts and the financial statements of each of the following transactions: apr 30 Issued a 70,000 60 day 6% note dated april 30 to goldman co on acct june 29 paid goldman co. the amount owed on note dated april 30 Assets = Liabilities + Stockholders' Equity Cash Interest Payable Note Payable Capital Stock Retained Earnings Apr. 30 June 29 Statement of Cash Flows Income Statement Apr. 30 June 29 June 29
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