Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Short-Term Note Payable ASSETS CREDIT EQUITY DESCRIPTION POST REE DET 190,000.00 LIABILITIES 4 190,000.00 T DATE Jul 10 Accounts Payable Nates Payable Notes Payable Accounts

image text in transcribed
image text in transcribed
Short-Term Note Payable ASSETS CREDIT EQUITY DESCRIPTION POST REE DET 190,000.00 LIABILITIES 4 190,000.00 T DATE Jul 10 Accounts Payable Nates Payable Notes Payable Accounts Payable Interest Expense + 199,500.00 1 4 190,000.00 9.500.00 + You notice that the journal entry for recording the role on July 10 is correct, but the only for the payment of the note at maturity (including interest) did not have a date and was not correct Jumate the payment of the hole at maturity as it should have been found Donorget to lude the date. Assume a 300-day year ME 21 Journalize the payment of the nobo at maturity as it should have been jouwrinized. Don't forget to include the date, Assume a 360-day year. PAGE 25 JOURNAL ACCOUNTING EQUATION DATE DESCEPTION POST, BET DIT CEDIT ASSETS LIABILITIES TOUITY Short-Term Note Payable ASSETS CREDIT EQUITY DESCRIPTION POST REE DET 190,000.00 LIABILITIES 4 190,000.00 T DATE Jul 10 Accounts Payable Nates Payable Notes Payable Accounts Payable Interest Expense + 199,500.00 1 4 190,000.00 9.500.00 + You notice that the journal entry for recording the role on July 10 is correct, but the only for the payment of the note at maturity (including interest) did not have a date and was not correct Jumate the payment of the hole at maturity as it should have been found Donorget to lude the date. Assume a 300-day year ME 21 Journalize the payment of the nobo at maturity as it should have been jouwrinized. Don't forget to include the date, Assume a 360-day year. PAGE 25 JOURNAL ACCOUNTING EQUATION DATE DESCEPTION POST, BET DIT CEDIT ASSETS LIABILITIES TOUITY

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Basics

Authors: 3G E-Learning

1st Edition

1984624261, 978-1984624260

More Books

Students also viewed these Accounting questions

Question

=+13.5. Show of real functions f and g that f(w) + g(w)

Answered: 1 week ago