Question
On August 1 , 2019 , The Resort at MillLake, Inc., purchased inventory costing $46,000 by signing a 9 %, six-month, short-term note payable. The
On August 1, 2019, The Resort at MillLake, Inc., purchased inventory costing $46,000 by signing a 9%, six-month, short-term note payable. The company will pay the entire note(principal andinterest) on thenote's maturity date.
Note-Payable short term- 46,000
Interest Payable- ??
Interest expense- ??
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
