Question
Lakeside Restaurant, Inc., borrowed $40,000 from Empire Savings on November 1,20X1. The note was written for $40,000 at 12 percent interest for ninety days and
Lakeside Restaurant, Inc., borrowed $40,000 from Empire Savings on November 1,20X1. The note was written for $40,000 at 12 percent interest for ninety days and was due on February 1, 20X2.
Required: Create the journal entries needed for lakeside for November 1, 20X1; December 31, 20X1; and February 1, 20X2. Assume all adjusting entries are done at year-end only.
PLZ TYPE THE ANSWER. THANKS!
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Excel Para Auditores Aplicando Excel A La Auditoria
Authors: Antonio P. Peralta C.
1st Edition
9945803697, 978-9945803693
