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Question 1 of 5 > = View Policies Current Attempt in Progress Udala Ule's had the following transactions involving notes payable July 1 2021 Barrows
Question 1 of 5 > = View Policies Current Attempt in Progress Udala Ule's had the following transactions involving notes payable July 1 2021 Barrows $45,000 from First National Bank by signing a nine-month, 25 note. Borrows $54,000 from Interprovincial Bank by signing a three-month, 6 note Nov. 1 2021 Dec 31, 2021 Prepares annual year-end adjusting entries. Fab. 1, 2022 Pays principal and interest to Interprovincial Bank. Pays principal and interest to First National Bank Apr. 1. 2022 Prepare journal entries for each of the transactions. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credi (Borrowed cash and signeda note payable) Borrowed cash and signed a note payable) ITIN (Accrued interest expense) Feb. 1.2022 (Paid note and interest owing Apr. 1.2022 (Paid note and interest owing
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