Question
On November 15, 2021, Sequoia Corp. signed a $30,000 four (4) month, 4%-interest bearing note payable to Poplar Bank and received $30,000 in cash. REQUIRED:
On November 15, 2021, Sequoia Corp. signed a $30,000 four (4) month, 4%-interest bearing note payable to Poplar Bank and received $30,000 in cash.
REQUIRED:
1. Prepare the journal entries for Sequoia Corp.s December 31, 2021 year-end and for the payment of the note on March 15, 2022.
Please answer, it's urgent..
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
