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Moose Jaw Marketplace Company borrowed $65,250 on June 15, 2024, by issuing a note payable for 105 days at 3%. The company's year-end date is
Moose Jaw Marketplace Company borrowed $65,250 on June 15, 2024, by issuing a note payable for 105 days at 3%. The company's year-end date is July 31, 2024, and they do not make reversing entries. Record journal entires for the following (6 marks): a) the issuance of the note on June 15, 2024 b) the adjusting entry on July 31, 2024 c) the payment of the note on ___________
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Edition
0470377852, 978-0470377857
