Question

Record the following note payable transactions of Concilio, Corp. in the company’s journal. Explanations are not required.
2014
Oct 1 Purchased equipment costing $8,000 by issuing a one-year, 8% note payable. Dec 31 Accrued interest on the note payable.
2015
Oct 1 Paid the note payable at maturity.


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  • CreatedJuly 08, 2015
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