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Please solve all parts correctly and i can rate very fast ! April 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. May
Please solve all parts correctly and i can rate very fast !
April 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 8\%, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 11\%, $54,000 note payable. ? - Paid the amount due on the note to Locust at the maturity date. November 28 Baid the amount due on the note to NBR Bank at the maturity date. November 28 December 31 December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 5 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Journal entry worksheet 3 4 5 6 7 8 Purchased $35,500 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Journal entry worksheet 5678 Purchased $35,500 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Journal entry worksheet 6 Replaced the April 20 account payable to Locust with a 90-day, 8%,$35,000 note payable along with paying $500 in cash. Note: Enter debits before credits. 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Journal entry worksheet Borrowed $54,000 cash from NBR Bank by signing a 120 -day, 11%,$54,000 note payable. Note: Enter debits before credits. Journal entry worksheet 1 6 7 8 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Journal entry worksheet 1 2 8 Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet 12 Borrowed $33,000 cash from Fargo Bank by signing a 60 -day, 8%,$33,000 note payable. Note: Enter debits before credits. Journal entry worksheet 12 5 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Journal entry worksheet 1 5 6 Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits Step by Step Solution
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