{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-17T18:23:26-04:00", "answer_date": "2024-06-17 18:23:26", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3200325", "url": "\/study-help\/questions\/sparks-company-entered-into-the-following-transactions-involving-shortterm-notes-3200325", "question_creation_date_js": "2024-06-17T18:23:26-04:00", "question_creation_date": "Jun 17, 2024 06:23 PM", "meta_title": "[Solved] Sparks company entered into the following | SolutionInn", "meta_description": "Answer of - Sparks company entered into the following transactions involving short-term notes payable. On June 18, Sparks purchase | SolutionInn", "meta_keywords": "sparks,company,entered,transactions,involving,short-term,notes,payable,june,18,purchased,$25,000", "question_title_h1": "Sparks company entered into the following transactions involving short-term notes payable. On June 18, Sparks purchased $25,000 merchandise from EquipCo., terms 2\/10, n\/30. Sparks uses", "question_title": "Sparks company entered into the following transactions involving short-term notes payable. On", "question_title_for_js_snippet": "Sparks company entered into the following transactions involving short term notes payable On June 18, Sparks purchased $25,000 merchandise from EquipCo , terms 2 10, n 30 Sparks uses the perpetual inventory system On July 19, parks replaced the June 18 accounts payable with a 60 day, $12,000 note bearing 4 annual interest in addition to paying $13,000 in cash Sparks paid the amount due on the note at maturity Determine the maturity date Prepare journal entries for all the preceding transactions and events ", "question_description": "
Sparks company entered into the following transactions involving short-term notes payable. On June 18, Sparks purchased $25,000 merchandise from EquipCo., terms 2\/10, n\/30. Sparks uses the perpetual inventory system. On July 19, parks replaced the June 18 accounts payable with a 60-day, $12,000 note bearing 4% annual interest in addition to paying $13,000 in cash. Sparks paid the amount due on the note at maturity. <\/p>
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