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please send full answer On August 1, 2024, Kingbird Trees signed a seven-month, 7%, $36,000 note payable with Canada Bank. Interest is due at maturity.
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On August 1, 2024, Kingbird Trees signed a seven-month, 7\%, $36,000 note payable with Canada Bank. Interest is due at maturity. Kingbird Trees has a December 31 fiscal year end. Kingbird honours the note at maturity. For Kingbird Trees, record all transactions related to the note. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)Step by Step Solution
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