Journalize the following transactions for Carney Company: 5 Received a $2,000, 90-day, 5% note dated December 5
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Journalize the following transactions for Carney Company:
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5 Received a $2,000, 90-day, 5% note dated December 5 from Thomas Haden in payment of account past due. 11 Paid principal and interest due on note issued to Flower Company from November 11 note. Dec. Dec. 16 Received a $26,000, 180-day, 12% note from White Company in payment of account past due. 23 Discounted the Thomas Haden note to Methuen Bank at 5%. Dec. Dec. 31 Recorded adjusting entries as appro priate. Dec.
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CARNEY COMPANY GENERAL JOURNAL PAGE 2 Date 201X Account Titles and Description PR Dr Cr Apr 18 Notes ...View the full answer
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College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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