Date | General Journal | Debit | Credit |
August 01, 2021 | Cash | $20.4 Million | |
Note payable | $20.4 Million | ||
December 31, 2021 | Interest expense ($20.4M * 9% * 5/12) | $0.765 Million | |
Interest payable | $0.765 Million | ||
January 31, 2022 | Note payable | $20.4 Million | |
Interest payable | $0.765 Million | ||
Interest expense ($20.4M * 9% * 1/12) | $0.153 Million | ||
Cash | $21.318 Million |
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exercise - Record notes payable (L08-2 On August 1, 2021, Trico Technologies, an aeronautic electronics company,...
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