Question
What are the journal entries for the following transactions: 1. Blue Ridge purchased a 12 month insurance policy that was effective April 1, 2019 for
What are the journal entries for the following transactions:
1. Blue Ridge purchased a 12 month insurance policy that was effective April 1, 2019 for a premium of $4320.
2. Blue Ridge issued a 6%, interest bearing note payable on October 1, 2019. The note matures on April 1,202. Interest and principal will be paid at the maturity date.
3. Accrued salaries at December 31 amounted to $31,560
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
