purchase equipment costing $24,000 by issuing a one year, 6% note payable than accured interest on the note payable and than paid the note payable plus interest maturity .

Consider the following note payable transactions of Crandell Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2017 Dec. 31 1,200 Interest Expense Interest Payable 1,200 Accrued interest expense at year-end. Mar. 1. 2018: Paid the note payable plus interest at maturity. Date Accounts and Explanation Debit Credit 2018 Mar. 1 24,000 Notes Payable Interest Expense Interest Payable Cash 1,200 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All All parts showing 0) dtv