Question
Moss County Bank agrees to lend the Wildhorse Co. $470000 on January 1. Wildhorse Co. signs a $470000, 6%, 9-month note. What entry will Wildhorse
Moss County Bank agrees to lend the Wildhorse Co. $470000 on January 1. Wildhorse Co. signs a $470000, 6%, 9-month note. What entry will Wildhorse Co. make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
