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On April 1, C.S. Lewis Company borrows ( Notes payable ) $60,000 from Lyon National Bank by signing a 24 month 6% note. Prepare the
- On April 1, C.S. Lewis Company borrows (Notes payable) $60,000 from Lyon National Bank by signing a 24 month 6% note. Prepare the journal entries to record:
- the issuance of the note
- the accrual of interest at year end (April to December)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
9781119790976
