A company issued a $20,000, three month,5% note to other company in payment of an account. Interest is payable monthly.. how to enter it??
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A company issued a $20,000, three month,5% note to other company in payment of an account. Interest is payable monthly.. how to enter it??
Debit Accounts Payable for $20,000
Credit Notes Payable for $20,000
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