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On November 1, 2021, Dual Systems borrows $290,000 to expand operations. Dual Systems signs a six-month, 7% promissory note. Interest is payable at maturity. Dual
On November 1, 2021, Dual Systems borrows $290,000 to expand operations. Dual Systems signs a six-month, 7% promissory note. Interest is payable at maturity. Dual System's year-end is December 31. 1., 2. & 3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select urnal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearesi dollar amount.) View transaction list Journal entry worksheet > 2 3 Record the appropriate adjusting entry for the note by Dual Systems on December 31, 2021. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2021 On November 1, 2021, Dual Systems borrows $290,000 to expand operations. Dual Systems signs a six-month, 7% promissory note. Interest is payable at maturity. Dual System's year-end is December 31. 1., 2. & 3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, selo- "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the 17 se dollar amount.) 4 View transaction list Journal entry worksheet N > Record the payment of the note by Dual Systems at maturity on April 30, 2022. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 2022
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