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Kwon Co. borrows $140,000 cash on November 1, 2015, by signing a 90-day, 10% note with a face value of $140,000 4 value 15.00 points
Kwon Co. borrows $140,000 cash on November 1, 2015, by signing a 90-day, 10% note with a face value of $140,000 4 value 15.00 points 4(a) Prepare journal entries to record issuance of the note. (Omit the "$" sign in your response.) Date Credit General Journal Debit Click to select) Nov. 1 (Click to select) 4(b)Prepare journal entries to record accrual of interest at the end of 2015. (Use 360 days a year. Do not round intermediate calculations and round vour final answer to the nearest dollar amount. Omit the "$" sign in your response.) Date General Journal Debit Credit Dec. 31 (Click to select) (Click to select) 4(c) Prepare journal entries to record payment of the note at maturity. (Use 360 days a year. Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "$" sign in your response.) Date General Journal Debit Jan. 30 (Click to select) (Click to select) (Click to select) (Click to select) Hints References
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