wild horse co borrows $69,600 from the bank by signing a $69,600 10% 1 year note payable

prepare a tabular summary to record a. the proceeds of the note and b. accrued interest at December 31 assuming adjustments are made only at the end of the year include margin explanations for the changes in revenue and expenses.

Wildhorse Co. borrows $69,600 on July 1 from the bank by signing a $69,600,10%,1-year note payable. Prepare a tabular summary to record (a) the proceeds of the note and (b) accrued interest at December 31, assumir made only at the end of the year. Include margin explanations for the changes in revenues and expenses. (If a transa decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered f Asset, Liability or Equity item that was reduced.) eTextbook and Media List of Accounts Last saved 5 days ago. Attempts: 1 of 3 us Vildhorse Co. borrows $69,600 on July 1 from the bank by signing a $69,600,10%,1-year note payable. repare a tabular summary to record (a) the proceeds of the note and (b) accrued interest at December 31 , assuming adjustments are nade only at the end of the year. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a tecrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)