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Seaport Corp. had the following transactions during 2024: February 1 Borrowed $27,000 from a bank and signed a note. Principal and interest at 8%
Seaport Corp. had the following transactions during 2024: February 1 Borrowed $27,000 from a bank and signed a note. Principal and interest at 8% will be paid on January 31, 2025. April 1 Paid $6,600 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $4,300 on account. At the year-end on December 31, 2024, supplies costing $2,000 remained on hand. November 1 A customer borrowed $6,300 and signed a note requiring the customer to pay principal and 6% interest on April 30, 2025.
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