Question
Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30 Issued a $972,000, 120-day, 9% note dated April 30 to Misner
Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30 Issued a $972,000, 120-day, 9% note dated April 30 to Misner Co. on account. Aug. 30 Paid Misner Co. the amount owed on the note dated April 30.
If an amount box does not require an entry, leave it blank. When required, round your answers to the.
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
