On June 30, 2013, Mission Corp. purchased $32,000 of inventory on a one-year, 5-percent note payable. Journalize

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On June 30, 2013, Mission Corp. purchased $32,000 of inventory on a one-year, 5-percent note payable. Journalize the company's
(a) Accrual of interest expense on December 31, 2013,
(b) Payment of the note plus interest on June 30, 2014.

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Accounting Volume 1

ISBN: 978-0132690096

9th Canadian edition

Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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Question Posted: Sep 16, 2017 08:08 AM

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On June 30, 2013, Mission Corp. purchased $32,000 of inventory on a one-year, 5-percent note payable. Journalize

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General Journal DATE 2013 ACCOUNT TITLES AND EXPLANATIONS POST REF ...View the full answer

Accounting Volume 1

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