On June 30, Carmean Inc. borrows $100,000 from 1st National Bank with a 10-month, 6 percent note.

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On June 30, Carmean Inc. borrows $100,000 from 1st National Bank with a 10-month, 6 percent note.

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What journal entry is made on June 30?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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On June 30, Carmean Inc. borrows $100,000 from 1st National Bank with a 10-month, 6 percent note.

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Cornerstones of Financial and Managerial Accounting

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