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On June 1, 2019, Cooper Company purchased inventory costing 593,000 by signing a 6%, nine-month, short-term note payable. Cooper will pay the entire note (principal
On June 1, 2019, Cooper Company purchased inventory costing 593,000 by signing a 6%, nine-month, short-term note payable. Cooper will pay the entire note (principal and interest) on the note's maturity date. Joumalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on December 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries) (a) Joumalize the company's purchase of inventory Journal Entry Dato Accounts 2019 Debit Credit Jun 523 6. Dres compo
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