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Please answer EVERYTHING CORRECTLY. READ the question CAREFULLY. Any wrong answers will be DOWNVOTED. Thank you! Prepare the appropriate journal entries for each of the
Please answer EVERYTHING CORRECTLY. READ the question CAREFULLY. Any wrong answers will be DOWNVOTED. Thank you!
Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 3. On April 1, Mary Company borrows $24,000 from Splish Brothers Bank by signing a 5-month, 5\%, interest-bearing note. (a) Prepare the entry for Mary on April 1 when the note was issued. (b) Prepare any adjusting entries necessary on June 30 for Mary in order to prepare the semiannual financial statements. (c) Prepare the entry to record payment of the note by Mary at maturity. No Date Account Titles and Explanation Debit Credit 3(b). 3(c). Cash Notes Payable Interest Expense Interest Payable Notes Payable Interest Payable Interest Expense Cash 24000Step by Step Solution
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