Question
Oriole Corporation borrowed $62,400 on November 1, 2017, by signing a $63,600, 3-month, zero-interest-bearing note. Prepare Orioles November 1, 2017, entry; the December 31, 2017,
Oriole Corporation borrowed $62,400 on November 1, 2017, by signing a $63,600, 3-month, zero-interest-bearing note. Prepare Orioles November 1, 2017, entry; the December 31, 2017, annual adjusting entry; and the February 1, 2018, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
11/1/17 1.
2.
3.
12-31-17 1.
2.
12-31-17 1.
2.
(For this one two accounts to record interest)
12-31-17 1.
2.
( For this one two accounts to record to pay note
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