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just need help with the last picture for the journal entry Alen Inc. took out a one year. 85100.000 loan on March 2022 interest is
just need help with the last picture for the journal entry
Alen Inc. took out a one year. 85100.000 loan on March 2022 interest is due pon maturity of the toon. What adjusting erityitary should be inc record on December 2017 Moe Choice Debt Interest Excent and credit vaered Payable for $6,000 Debestendradable to 52.000 Hostinec Debut Expense onde Pay.000 6 A company's own cash records show a balance of 53200. After examining the bank statement the following information is revealed Bank's balance for cash Deposits outstanding NSF check Checks outstanding Note collected by the bank Service fee charged by the bank 54,000 52.380 $ 500 $1,800 52,000 5100 The entry to update the company at balance or the band reconciliatio is repored would be a Me Choice On December 1, 2021, Liang Chemical provides services to a customer for $90,000. In payment for the services, the customer signs a three year 10% note. The face amount is due at the end of the third year while annual interest is due each December 1 Required: 1. Record the acceptance of the note on December 1, 2021 2. Record the Interest collected on December 1 for 2022 and 2023, and the adjustment for interest revenue on December 3110t 2021, 2022, and 2023 3. Record the cash collection on December 1, 2024 Prepare the journal entries for the above transactions (ir no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction in Journal entry worksheet 1 2 3 4 5 Record the acceptance of the note er det deral Debit Credit Date December 2023 PA Step by Step Solution
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