Record the following note payable transactions of Cigliano, Corp., in the companys journal. Explanations are not required.

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Record the following note payable transactions of Cigliano, Corp., in the company’s journal. Explanations are not required.

2012

Nov 1 Purchased equipment costing $28,000 by issuing a one-year, 9% note payable.

Dec 31 Accrued interest on the note payable.

2013

Nov1 Paid the note payable at maturity.

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:56 AM

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Record the following note payable transactions of Cigliano, Corp., in the companys journal. Explanations are not required.

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Journal DATE ACCOUNTS POST REF Dr Cr 2012 Nov 1 Equipment 28000 N...View the full answer

Financial Accounting

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