On June 30, 2014, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize

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On June 30, 2014, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize the following for the company:

1. Accrual of interest expense on December 31, 2014

2. Payment of the note plus interest on June 30, 2015

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:41 AM

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On June 30, 2014, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize

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Journal DATE ACCOUNTS POST REF DR CR 2014 a Dec 31 Interest Ex...View the full answer

Financial Accounting

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