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need it urgent plz Current Attempt in Progress Tamarisk, Inc. borrows $63,000 from Carla Vista Co. on July 1, 2021 signing a 9% one-year note
need it urgent plz
Current Attempt in Progress Tamarisk, Inc. borrows $63,000 from Carla Vista Co. on July 1, 2021 signing a 9% one-year note payable. Interest is to be paid at maturity. Prepare journal entry for Tamarisk, Inc. to record the receipt of the proceeds of the note (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts.) Debit Credit Date Account Titles and Explanation July 1, 2021 (Borrow cash and sign note payable.) List of Accounts 7C Mostly su... estion 11 of 11 -/8 E Prepare journal entry for Tamarisk, Inc. to record the accrued interest at December 31, assuming adjusting entries are made only at year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 (To accrue interest expense.) List of Accounts Prepare journal entry for Tamarisk, Inc. to record the payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) 7C Mostly su... Prepare journal entry for Tamarisk, Inc. to record the payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts.) Debit Credit Date Account Titles and Explanation July 1, 2022 (To record payment of note and interest.) List of Accounts Step by Step Solution
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