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Thank you so much 2.LO 8.3 Hop-Flop Inc. has the following accounts listed in its ledger: > Cash Interest Expense > Notes Payable > Interest
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2.LO 8.3 Hop-Flop Inc. has the following accounts listed in its ledger: > Cash Interest Expense > Notes Payable > Interest Payable On June 1, 2021, Beerboloaned Hop-Flop Inc. $10,000 at 6% annual interest. The journal entry Hop-Flop recorded was as follows: DR. Cash .......... $10,000 CR. Notes Payable. ..$10,000 2.c. The note's term was 9 months (due at the end of the final month). 2.c.i.Fill in the information below: Interest incurred in 2021 $ Interest incurred in 2022 Total interest incurred over the note's term $ $ 2.c.ii. What is the journal entry at the maturity date? (leave cells blank as necessary) ACCOUNT DR ($) CR ($) 2.d. The note's term was 12 months (due at the end of the final month). 2.d.i.Fill in the information below: Interest incurred in 2021 $ Interest incurred in 2022 $ Total interest incurred over the note's term $ $ $ 2.d.li. What is the journal entry at the maturity date? (leave cells blank as necessary) ACCOUNT DR ($) CR ($) QUESTION 7 P.2.c.lil. The journal entry at the maturity date would require a to Notes Payable for $ (Use the drop-down options, select "(blank)" if zero or no input is necessary) QUESTION 8 P.2.c.ii. The journal entry at the maturity date would require Hop-Flop to (Use the drop-down options, select "(blank)" if zero or no input is necessary) Notes Receivable for $ QUESTION 9 P.2.d.ll. The journal entry at the maturity date would require Hop-Flop to (Use the drop-down options, select "blank)" if zero or no input is necessary) Interest Receivable for $ e QUESTION 10 P.2.d. The journal entry at the maturity date would require Hop-Flop to (Use the drop-down options, select "(blank)" if zero or no input is necessary) Notes Receivable for $ Step by Step Solution
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