On June 30, 2015, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize

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On June 30, 2015, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize the following for the company:

a. Accrual of interest expense on December 31, 2015

b. Payment of the note plus interest on June 30, 2016

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Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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Question Posted: Feb 12, 2018 10:37 AM

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On June 30, 2015, 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 2015 a Dec 31 Interest Expense 9000 ...View the full answer

Financial Accounting

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