Fisher Enterprises loaned $15,000 to Hall Co. on June 1, 2013, for one year at 6 percent
Question:
Required
a. Record these general journal entries for Fisher Enterprises:
(1) The loan to Hall Co.
(2) The adjusting entry at December 31, 2013.
(3) The adjusting entry and collection of the note on June 1, 2014.
b. Show the effects of the three above transactions in a horizontal statements model like the one shownbelow:
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a Fisher Enterprises General Journal Date Account Titles Debit Credit 61201...View the full answer
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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