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    nancydomanico's Avatar
    nancydomanico Posts: 2, Reputation: 1
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    #1

    Aug 9, 2012, 09:33 AM
    Would you journalizing liability transactions on the balance sheet
    Borrowed $360,000 form Lessburg Bank the six year 10% note requires payments due annually on March 1 each payment consists of $60,000 principal plus one year's interest
    nancydomanico's Avatar
    nancydomanico Posts: 2, Reputation: 1
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    #2

    Aug 9, 2012, 09:35 AM
    Borrowed $360,000 from Lessburg Bank The six year 10% note requires payments due annually on March 1 Each payment consists of $60,000 principal plus one years interest
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #3

    Aug 9, 2012, 07:01 PM
    And what is your attempt to record these transactions. A balance sheet is a report prepared from transactions already recorded
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