Question
JCS company lends money to ATB inc , the two companies sign a contract stating ATB will pay $ 42,000 principal back to JCS on
JCS company lends money to ATB inc , the two companies sign a contract stating ATB will pay $ 42,000 principal back to JCS on november 30th ( The maturity date). The contract says this is a 5 month note with a 6 percent annual interest rate . ( JCS has a 12/31 year- end and doesn't create monthly journal entries )
What journal entry will JCS Company record at the notes maturity ?
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Quality Management Audits In Nuclear Medicine Practices IAEA Human Health Series No 33
Authors: International Atomic Energy Agency
2nd Edition
9201017154, 978-9201017154
