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K Eric O'Neil Associates reported short-term notes payable and salaries payable as follows: (Click the icon to view the short-term notes payable and salaries payable.)
K Eric O'Neil Associates reported short-term notes payable and salaries payable as follows: (Click the icon to view the short-term notes payable and salaries payable.) During 2024, O'Neil paid off both current liabilities that were left over from 2023, borrowed cash on short-term notes payable, and accrued salaries expense. Joumalize all four of these transactions for O'Neil during 2024. Assume no interest on short-term notes payable of $15,000. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the payoff of the short-term notes payable from 2023 Date 2024 Accounts and Explanation Debit Credit Data table 2024 2023 Current Liabilities-partial: Short-term Notes Payable $ 16,700 $ 15,000 Salaries Payable 4,000 3,200 Print Done - X
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