Question
On January 1, 2017, Harrison Inc. purchased land by issuing a 4-year, zero-interest-bearing note in the face amount of $104,864. The company has to pay
On January 1, 2017, Harrison Inc. purchased land by issuing a 4-year, zero-interest-bearing note in the face amount of $104,864. The company has to pay 7% interest for funds from its bank and has a December 31 fiscal year end. Prepare the following journal entries:
January 1, 2017
December 31, 2017
December 31, 2018
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
3rd Edition
0367820463, 978-0367820466
