Question
Journalize the following, assuming a 360-day year is used for interest calculations: Apr. 30 Issued a $792,000, 90-day, 8% note dated April 30 to Misner
Journalize the following, assuming a 360-day year is used for interest calculations:
| Apr. 30 | Issued a $792,000, 90-day, 8% note dated April 30 to Misner Co. on account. | |
| July 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 nearest dollar.
| Apr. 30 | |||
| July 30 | |||
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
