On November 1, 2015, Aviation Training Corp. borrows $60,000 cash from Community Savings and Loan. Aviation Training
Question:
Required:
1. Record the note payable by Aviation Training.
2. Record the appropriate adjustment for the note by Aviation Training on December 31, 2015.
3. Record the payment of the note at maturity.
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1 November 1 2015 Debit Credit Cash 60000 Notes Payable 60000 Issuance of ...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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