Question
Julo company signed a 9% promissory note for 45000 on july 1 2020 with principal and interest due may 1, 2021 If Julo company doesn't
Julo company signed a 9% promissory note for 45000 on july 1 2020 with principal and interest due may 1, 2021
If Julo company doesn't make any adjusting jourmnal entry in 2020 what is the adjusting journal entry on october 2020 in order to prepare 2020 financial statements
b) the assuming that Julo company does not make a ny adjusting journal entries in 2021 what is the entry to record the payoff on the note on may 1 2021
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Advances In Quantitative Analysis Of Finance And Accounting (Vol. 4)
Authors: Lee Cheng Few
2nd Edition
9812700218, 9789812700216
