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Journal entry worksheet 6 7 Record the borrowing of cash with a 90-day against note. Note: Enter debits before credits. Journal entry worksheet Note: Enter
Journal entry worksheet 6 7 Record the borrowing of cash with a 90-day against note. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: tnter aedits derore crealts. Journal entry worksheet Record the payment of note with interest. Note: Enter debits before credits. Journal entry worksheet 123456 Record the accrued interest on note payable. Note: Enter debits before credits. Zing Cell Phone Company entered into the following transactions involving current liabilities during 2023 and 2024 : 2023 Mar. 14 Purchased merchandise on credit from Ferris Inc. for $162,000. The terms were 1/10,n/30 (assume a perpetual inventory system). Apr. 14 Zing paid $36,000 cash and replaced the $126,000 remaining balance of the account payable to Ferris Inc. with a 5%,60-day note payable. May 21 Borrowed $136,000 from Scotiabank by signing a 4.5%,90-day note. ? Paid the note to Ferris Inc. at maturity. ? Paid the note to Scotiabank at maturity. Dec. 15 Borrowed $111,000 and signed a 5.25%, 120-day note with National Bank. Dec. 31 Recorded an adjusting entry for the accrual of interest on the note to National Bank. 2024 ? Paid the note to National Bank at maturity. Required: Journal entry worksheet Record the borrowing of cash with a 120-day note. Note: Enter debits before credits. Journal entry worksheet 4 6 7 8 Record the payment of cash and a note written to extend due date. Note: Enter debits before credits. 2. Present journal entries for each of the preceding dates. (Use 365 clays an year. Do nor round inzermediare calculazions and round the final answers to 2 decimal places.) Journal entry worksheet Note: Enter debits before credits
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