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On December 5, 2021, Pot of Gold Co. borrowed $44,000 and signed a 60-day, 3.5% note payable. Required: 1. Prepare the journal entry to record
On December 5, 2021, Pot of Gold Co. borrowed $44,000 and signed a 60-day, 3.5% note payable. Required: 1. Prepare the journal entry to record the payment of the note on February 3, 2021. Round all calculations to two decimal places. Additional note: Interest was accrued on the note payable of 109.70 on December 31, 2021, which represented 26 days of interest from December 5 to December 31
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Managerial Accounting A Focus On Ethical Decision Making
Authors: Jackson
5th Edition
B00651UGQG
