Record the following note payable transactions of Concilio Corp., in the company's journal. Round intermediate interest calculations

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Record the following note payable transactions of Concilio Corp., in the company's journal. Round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. Explanations are not required.

2016

Sep 1 Purchased equipment costing $40.000 by issuing a one-year, 8% note payable.

Dec 31 Accrued interest on the note payable.

2017

Sep 1 Paid the note payable at maturity.

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:08 AM

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Record the following note payable transactions of Concilio Corp., in the company's journal. Round intermediate interest calculations

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Financial Accounting

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