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On September 1, 2016, Dougherty Corp. acoepted a six-month, 7.000 , 530.000 .00 interest bearing note born Alozelle Campary in paymient of an acoount recehvable.

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On September 1, 2016, Dougherty Corp. acoepted a six-month, 7.000 , 530.000 .00 interest bearing note born Alozelle Campary in paymient of an acoount recehvable. Dougherfy y yeat and December a1. Rorele paid the nole and imerect on the due date. Aequired: 1. Who is the maker and who is the payee of the note? 2. What in the maturity date of the note? 3. Propare all necessary joumal entres that Dougherty needs to maie in connection with this note CHART OF ACCOUNTS Dougherty Corp. General Ledger Instructions Chart of Acoounts 141 Inventory 500 Cost of Goods Sold 152 Prepaid Insurance 521 Salaries and Wages Expense 154 Supplies 532 Utates Expense 174 Equigment 533 Insurance Expense 179 Accumulated Depreciation 534 Rent Expense 537 Supplies Expense LABILITIES 541 Depreciation Expense 211 Aooounts Payable 551 Advertising Expense 231 Salaries and Wages Payable 559 Miscellaneous Expenses 235 Notes Payable 810 intarest Expense 261 income Taxes Payable 910 insome Tax Expense EQUITY 311 Captai Stock 391 Retained Eamings Question not attempted. GENERAL JOUANAL

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