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On July 1, Portable Pet Store sold goods to Pet's R Us receiving a $3,000, 6 month, 7% note. The goods cost Portable Pet Store
On July 1, Portable Pet Store sold goods to Pet's R Us receiving a $3,000, 6 month, 7% note. The goods cost Portable Pet Store $2,000. REQUIRED: 1. Insert a table that is 4 columns wide, and 8 rows high . You may add rows should you require them. 2. Using the table prepared in Part 1 above, in good form prepare the journal entry at maturity of the note assuming Pet's R Us honors the note.
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