Question

On January 1, 2014, LeMay- Finn signed a $ 200,000, five- year, 6% note. The loan required LeMay- Finn to make payments on December 31 of $ 40,000 principal plus interest.

Requirements 1. Journalize the issuance of the note on January 1, 2014. 2. Journalize the first note payment on December 31, 2014.



$1.99
Sales2
Views82
Comments0
  • CreatedJanuary 16, 2015
  • Files Included
Post your question
5000