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Problem 10-21 Asset purchased with a note [SLO2, 93 Ifcritage Architect Company of Manitoba purchased some modular office furniture on March 10, 2023 that had

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Problem 10-21 Asset purchased with a note [SLO2, 93 Ifcritage Architect Company of Manitoba purchased some modular office furniture on March 10, 2023 that had a caa of 52 whyik (ignore GST/PST). Show the journal entries that would record this purchase and payment under these three sepurate siniaiaian. a. The company paid cash for the full purchase price. b. The company purchased the furniture on eredit with terms 1/30, n/60. Payment was made on April 9,2023. c. The company signed a 10\%, one-year note for the full purchase price. The note was paid on March 10.2024, the maturipy dete is yearend accruals. Problem 10-2 Asset purehased with a note LO2, (9) 3 (ienore GS1/PSI), Show the journul entries that would record this purchase and payment under these three spurate stautaon. a. The company paid cash for the full purchase price. b. The company purchased the furniture on credit with terms 1/30. n/60. Payment was made on April 9,2023, c. The company signcd a 10\%, onesyear note for the full purchase price. The note was paid on March lo, 2024, the ataturity date Is ayr. yearend aceruals

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