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Record the following note payable transactions of Walter Corp. in the company's journal. Round intermediate interest calculations to the nearest cent and final amounts to
Record the following note payable transactions of Walter Corp. in the company's journal. Round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. Explanations are not required. credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) Aug 1, 2018: Purchased equipment costing $30,000 by issuing a one-year, 3% note payable. General Journal Date Accounts Debit Credit 2018 Aug Dec 31, 2018: Accrued interest on the note payable. General Journal Date Accounts Debit Credit Dec 311 Dec 31, 2018: Accrued interest on the note payable. General Journal Date Accounts Debit Credit Dec 31 Aug 1, 2019: Paid the note payable at maturity. General Journal Date Accounts Debit Credit 2019 Aug i More Info 2018 Aug 1 Dec 31 2019 Aug 1 Purchased equipment costing $30,000 by issuing a one-year, 3% note payable. Accrued interest on the note payable. Paid the note payable at maturity. Print Done
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