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(a) Weekly salaries of 9,000 are paid on MOnday for the preceding week. June 30 20x1, was a Wednesday. Dr. salries expense 5400 Cr. Salaries payable 5400 (b) A one-year note payable for 30,000 is due on December 31, 20x1. The 13,5% note was signed on December 31, 20x0. All interest will be...
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(a) The company holds a 60-day note dated December 21, 20xx. The note has a face value of 15,000 and carries a interest at 90%. Interest Expense 56.25 Interest Payable 56.25 (b) The subscriptions income account shows a credit balance of 112,000, representing subscriptions to eight issues of... View more questions Search
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