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Waterway Corporation sold goods to Rice Decorators for $96,000 on September 1, 2020, accepting Rices $96,000, 6-month, 6% note. Prepare Waterways September 1 entry, December
Waterway Corporation sold goods to Rice Decorators for $96,000 on September 1, 2020, accepting Rices $96,000, 6-month, 6% note. Prepare Waterways September 1 entry, December 31, annual adjusting entry, and March 1 entry for the collection of the note and interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
9/1/2012/31/203/1/21 | |||
9/1/2012/31/203/1/21 | |||
9/1/2012/31/203/1/21 | |||
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