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Please fill out entire general journal- there are 7 parts, along with the rest of the questions The January 1, Year 1 trial balance for

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Please fill out entire general journal- there are 7 parts, along with the rest of the questions
image text in transcribed
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The January 1, Year 1 trial balance for the Gonzalez Company is found on the trial balance tab. The beginning balances are assumed. Gonzalez Company entered into the following transactions involving short-term liabilities. Note: Use 360 days a year. Year 1 April 28 Purchased 542,250 of merchandise on credit from Kall, terns n/30. May 19 Replaced the April 20 account payable to Hall with a 90 -day, 8v, $39,000 note payable along with paying $3,250 in cash. July 8 Borrowed $93,0B0 cash trom NJR Bank by signing a 120-day, 12\%, 593 ,eae note payable. August 17 Paid the anount due on the note to Hall at the maturity date. November 5 paid the amount due on the note to NJR Bank at the maturity date. Noventer 28 Borrowed $54,000 cash from 5 sacramento Bank by 5igning a 60day, 12v, $54,000 note payable. Decenber 31 Recorded an adjusting entry for accrued interest on the note to Sacranento Bank. Year 2 January 27 Paid the amount due on the note to Sacramento Bank at the maturity date. Journal entry worksheet 234567 April 20. Purchased $42,250 of merchandise on credit from Hall, terms n/30. Notet Enter debits before credits. Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that interest expense agrees with your journal entries and the trial balance. Prepare the January 27, Year 2 journal entry to record the payment of the Sacramento note at maturity. Gonzalez Company does NOT prepare reversing entries

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