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Quickbooks Chapter 7 Assignment 2 Event #4 1/7/14 the company borrowed and then deposited $125,000 from Wells Fargo Bank (a new Vender located at 665

Quickbooks Chapter 7 Assignment 2

Event #4

1/7/14 the company borrowed and then deposited $125,000 from Wells Fargo Bank (a new Vender located at 665 Marsh St., San Luis Obispo, CA 93401, 805-541-0143), due in five years with annual interest of 8% and payments made monthly. (hint: you will need to create a long-term liability account named Loan Payable.)

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