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Q2- On June 1, 2019, ABC Company signed a SAR 25,000, 120 day, 6% note payable to cover a past due account payable. a. What
Q2- On June 1, 2019, ABC Company signed a SAR 25,000, 120 day, 6% note payable to cover a past due account payable. a. What is the total amount of interest to be paid on this note? b. Prepare ABC Company's general journal entry to record the issuance of the note payable c. Prepare ABC Company's general journal entry to record the payment of the note on September 29, 2019
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Building Accounting Systems Using Access 2010
Authors: James Perry, Richard Newmark
8th Edition
1111530998, 978-1111530990
