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The January 1 , Year 1 trial balance for the Perry Company is found on the trial balance tab. The beginning balances are assumed. Perry
The January Year trial balance for the Perry Company is found on the trial balance tab. The beginning balances are assumed.
Perry Company entered into the following transactions involving shortterm liabilities.
Note: Use days a year.
Year
April Purchased $ of merchandise on credit from Garcia, terms n
May Replaced the April account payable to Garcia with a day, $ note payable along with paying $ in cash.
July Borrowed $ cash from AKR Bank by signing a day, $ note payable.
August Paid the amount due on the note to Garcia at the maturity date.
November Paid the amount due on the note to AKR Bank at the maturity date.
November Borrowed $ cash from Albany Bank by signing a day, $ note payable.
December Recorded an adjusting entry for accrued interest on the note to Albany Bank.
Year
January Paid the amount due on the note to Albany Bank at the maturity date.
Answer is not complete.
tableDateAccount title,Debit,CreditYear
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