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On September 1 , 2 0 2 4 , Lindsey Engineering borrows $ 4 0 8 , 0 0 0 cash. The loan is made
On September Lindsey Engineering borrows $ cash. The loan is made by FirstLending, under the agreement that Lindsey will repay the principal with four payments of $ Payments are due by October each year, with the first payment being due October next year Interest on the borrowing is and Lindseys yearend is December Required: to Record the necessary entries in the Journal Entry Worksheet below. If no entry is required for a particular transactionevent select No Journal Entry Required in the first account field. Journal Entry Worksheet Recor the longterm note payable by Lindsey engineering. Record the adjusting entry for interest on December Record the entry to reclassify the current portion of the note of December
On September Lindsey Engineering borrows $ cash. The loan is made by FirstLending, under the agreement that Lindsey will repay the principal with four payments of $ Payments are due by October each year, with the first payment being due October next year Interest on the borrowing is and Lindseys yearend is December
Required:
to Record the necessary entries in the Journal Entry Worksheet below. If no entry is required for a particular transactionevent select No Journal Entry Required in the first account field.
Journal Entry Worksheet
Recor the longterm note payable by Lindsey engineering.
Record the adjusting entry for interest on December
Record the entry to reclassify the current portion of the note of December
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