Entries for Discounted Note Payable A business issued a 60-day note for $63,000 to a creditor...
Entries for Discounted Note Payable
A business issued a 60-day note for $63,000 to a creditor on account. The note was discounted at 9%. Assume a 360-day year.
a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place.
| a. | |||
b. Journalize the entry to record the payment of the note at maturity.
| b. | |||
Homework Answers
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Entries for Discounted Note Payable
A business issued a 60-day note for $63,000 to a creditor...
Entries for Discounted Note Payable A business issued a 90-day note for $42,000 to a creditor...
Entries for Discounted Note Payable A business issued a 90-day note for $42,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. a. b. Journalize the entry to record the payment of the note at maturity. b
Entries for Discounted Note Payable A business issued a 90-day note for $57,000 to a creditor...
Entries for Discounted Note Payable A business issued a 90-day note for $57,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. Accounting numeric field b. Journalize the entry to record the payment of the note at maturity.
Entries for Discounted Note Payable A business issued a 30-day note for $48,000 to a creditor...
Entries for Discounted Note Payable A business issued a 30-day note for $48,000 to a creditor on account. The note wass discounted at 9%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave blank. If necessary, round to one decimal place. а. b. Journalize the entry to record the payment of the note at maturity. b.
Entries for Discounted Note Payable A business issued a 60-day note for $60,000 to a bank....
Entries for Discounted Note Payable A business issued a 60-day note for $60,000 to a bank. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank.
ntries for Discounted Note Payable business issued a 30-day note for $51,000 to a creditor on...
ntries for Discounted Note Payable business issued a 30-day note for $51,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year . Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal b. Journalize the entry to record the payment of the note at maturity
Entries for Discounted Note Payable A business issued a 120-day note for $39,000 to a creditor...
Entries for Discounted Note Payable A business issued a 120-day note for $39,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. b. Journalize the entry to record the payment of the note Accounts Payable Cash Interest Payable b. Jo...
Entries for Notes Payable A business issued a 60-day, 15% note for $89,000 to a creditor...
Entries for Notes Payable A business issued a 60-day, 15% note for $89,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank а. b.
Entries for Discounted Note Payable A business issued a 90-day note for $51,000 to a creditor...
Entries for Discounted Note Payable A business issued a 90-day note for $51,000 to a creditor on account. The note was discounted at 7%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. a. b. Journalize the entry to record the payment of the note at maturity. b. 2. Calculate Payroll...
A business issued a 120-day, 15% note for $92,000 to a creditor on account
Entries for Notes Payable A business issued a 120-day, 15% note for $92,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank.
A business issued a 60-day note for $87,000 to a creditor on account. The note was discounted at 7%.
A business issued a 60-day note for $87,000 to a creditor on account. The note was discounted at 7%. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar.Journal a. Journalize the entries to record the issuance of the note on March 1. Refer to the Chart of Accounts...
Entries for Discounted Note Payable A business issued a 90-day note for $42,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. a. b. Journalize the entry to record the payment of the note at maturity. b
Entries for Discounted Note Payable A business issued a 90-day note for $57,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. Accounting numeric field b. Journalize the entry to record the payment of the note at maturity.
Entries for Discounted Note Payable A business issued a 30-day note for $48,000 to a creditor on account. The note wass discounted at 9%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave blank. If necessary, round to one decimal place. а. b. Journalize the entry to record the payment of the note at maturity. b.
Entries for Discounted Note Payable A business issued a 60-day note for $60,000 to a bank. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank.
ntries for Discounted Note Payable business issued a 30-day note for $51,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year . Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal b. Journalize the entry to record the payment of the note at maturity
Entries for Discounted Note Payable A business issued a 120-day note for $39,000 to a creditor on account. The note was discounted at 8%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. If necessary, round to one decimal place. b. Journalize the entry to record the payment of the note Accounts Payable Cash Interest Payable b. Jo...
Entries for Notes Payable A business issued a 60-day, 15% note for $89,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank а. b.
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