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Instruction Chart of Accounts First Questions General Journal Instruction Watson Company issued a 60-day, 8% note for $18,000, dated April 5, to Laker Company on
Instruction Chart of Accounts First Questions General Journal Instruction Watson Company issued a 60-day, 8% note for $18,000, dated April 5, to Laker Company on account. Assume a 360-day year when calculating interest Required: a. Determine the due date of the note b. Determine the maturity value of the note 01. Journalize the entries to record the receipt of the note by the payee.* e-2. Journalize the entries to record the receipt by the payee of the amount due on the note at maturity" "Refer to the Chart of Accounts for exact wording of account sites. Round answers to the nearest St struction Chart of Accounts First Questions First Questions Determine the due date of the note. Determine the maturity value of the note. Maturity value $ Chart of Accounts First Questions General Journal truction First Questions De General Journal Journalize the entries to record the receipt of the note by the payee on April 5. Refer to the Chart of Accounts for exact wording of account sites. De PAGE 1 JOURNAL DATE DESCRIPTION POST R DEBIT CREDIT Journalize the entries to record the receipt by the payee of the amount due on the note at maturity. Refer to the Chart of Accounts for exact struction First Questions De General Journal Journalze the entries to record the receipt by the payee of the amount due on the note at maturity. Refer to the Chart of Accounts for exact wording of account teles. Round answers to the nearest $1. D DATE DESCRIPTION PAGE 1 JOURNAL POST REF DET CREDIT
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