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Integrity Company has the following transactions. Prepare the journal entries in proper format. April 1, the company borrows $125,000 with a 90-day note at 4.5%.
Integrity Company has the following transactions. Prepare the journal entries in proper format.
- April 1, the company borrows $125,000 with a 90-day note at 4.5%. Prepare the entries for April 1 and June 30 when the note is repaid.
- December cash sales are $52,000. The sales tax rate is 6%. Prepare the entry for the December sales.
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
