Question
Pina Company borrowed $26,400 on November 1, 2020, by signing a $26,400, 9%, 3-month note. Prepare Pinas November 1, 2020, entry; the December 31, 2020,
Pina Company borrowed $26,400 on November 1, 2020, by signing a $26,400, 9%, 3-month note. Prepare Pinas November 1, 2020, entry; the December 31, 2020, annual adjusting entry; and the February 1, 2021, 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. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit | |
---|---|---|---|---|
choose a transaction date 11/1/2012/31/202/1/21 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date 11/1/2012/31/202/1/21 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
| enter an account title to record the transaction on February 1, 2018 | enter a debit amount | enter a credit amount | |
enter an account title to record the transaction on February 1, 2018 | enter a debit amount | enter a credit amount | ||
enter an account title to record the transaction on February 1, 2018 | enter a debit amount | enter a credit amount |
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