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Any help on journalizing the following entries would be very much appreciated!! More than anything, I need to know how to arrive at the correct answers. Even a little assistance would be extremely helpful. October 1: Retirement of bonds The company issued check 10500 and retired of its...
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Issued a 9000 note to purchase inventory. The 3 month note payable bears interest of 8% and is due 12/1 Record accrued interest for the note Issued a 18000, 9%, 4 month note to finance the purchase of a new clibing wall for advanced climbers. The note is due 2/1 Recorded accrued interest...
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Borrowed $500 from his dad to purchaes a lawn mower How would I record this transaction??
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The question I have is about how to journalize a specific business transaction. There is no monetary number given, just x, but I don't know how to journalize it. The transaction is : " Gateway repaid $X in the principle of the Bond Payable." I don't understand that? View more questions Search
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