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Instructions Cosimo Enterprises issues a $200,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A Journalize Cosimo Enterprises entries to record (refer to
Instructions Cosimo Enterprises issues a $200,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A Journalize Cosimo Enterprises entries to record (refer to the company's Chart of Accounts for exact wording of accountitles): 1. to issuance of the note on January 1 2. the payment or to note at maturity Assumo a 360-day year. B. Journaize Dixon Industries entries to record (refer to the company's Chart of Accounts for exact wording of account iton). 1. he receipt of the note on January 1 2. the receipt of the payment of the note at matunity. Assume a 360-day year. Journal-Cosimo Enterprises A Journie Cosimo Enterprises entries to record prefer to the companys Chart of Accounts for exact wording of accounts: 1. the issuance of the note on January 1 2 the payment of the note at ratunty on February 15. Assume a 300-day you. PAGES JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, RER DEBIT CREDIT ASSETS LABUTIES EQUITY 1 2 5 Journal-Dicon Industries B. Journa. Doon Industries to record (refer to the company Chart of Accounts for exact wording of account 1. the receipt of the note on January 2 the receipt of the payment of the note at matunity on February 15. Assume a 360-day wear. wat 2 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RIT DEBT CREDIT ASSETS LUBILITIES LOUITY
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