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

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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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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:42 AM

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

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Journal DATE ACCOUNTS POST REF DR CR 2014 Oct 1 Equipme...View the full answer

Financial Accounting

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