Question
Pay off the 60,000 note payable owed to little bank. The cash to pay off the note is taken out of big bank. Also pay
Pay off the 60,000 note payable owed to little bank. The cash to pay off the note is taken out of big bank. Also pay little bank $450 for interest owed on the note payable for February. The $450 cash is also taken out of big bank.
Is it
- Note payable Debit 60,000
- Big Bank credit 60,000
- Debit Note Payable $450
- Credit Big Bank 450
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
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