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Note Computations and Entries ( Straight Line ) On January 1 , 2 0 2 4 , Sisek Company borrowed $ 8 1 4 ,
Note Computations and Entries Straight Line
On January Sisek Company borrowed $ with a year, note, interest payable semiannually on June and December Cash in the amount of $ was received when the note was issued.
Required:
Question Content Area
Prepare the necessary journal entry at January If an amount box does not require an entry, leave it blank.
Jan.
Record issuance of notes at discount
Question Content Area
Prepare the necessary journal entry at June If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar.
June
Record interest expense
Question Content Area
Prepare the necessary journal entry at December If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar.
December
Record interest expense
Question Content Area
Determine the carrying amount of this note at the end of the fifth year December
$fill in the blank fbefe
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