Homework Answers
| The Maturity date is September 6th (23+31+6) | ||||
| Date | Account Titles | Debit | Credit | |
| Sept 6 | Notes payable | 75000.00 | ||
| Interest expense | 562.50 | =75000*4.5%*60/360 | ||
| Cash | 75562.50 | |||
| Option D is correct | ||||
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Issued $7,800,000 of five-year, 9% callable bonds dated July 1,
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