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They're all parts of the same question. X Canvas > X When clicking on this link, your browser may warn that you are about to
They're all parts of the same question.
X Canvas > X When clicking on this link, your browser may warn that you are about to navigate away from the exam. It is okay to proceed - this Your exam will save and submit automatically once the time runs out. In order to obtain some short-term funding on December 1, Hot Diggity Dog issues an 9%, 3 month short-term note payable for $340,000. Interest is due at maturity. The company's year-end is December 31 and it makes adjusting entries annually. The following three questions relate to the above statement. Question 1 1 pts When the note is issued, Hot Diggity Dog will CR. Cash for $340,000 ho O True False D Question 2 1 pts Canvas X rad Hot Diecitv Dog will CR. Cash for $340,000. O True False Question 2 1 pts On the company's December 31 financial statements, the company would CR. cash for LLLL Round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer. 0 Question 3 4 pts The repayment entry of the note and interest on March 1st will involve the following journal entry: Canvas X Question 3 4 pts The repayment entry of the note and interest on March 1st will involve the following journal entry: A) Dr. Notes Payable 340000 B) Dr. Interest Payable O C) Dr. Interest Expense 20400 D) Cr. Cash 360400 USE ONLY NUMBERS IN YOUR ANSWERS - DO NOT USE DOLLAR SIGNS. 1234 1,234 X $1234 x $1,234 x
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