A business issued a 120-day, 5% note for $60,000 to a creditor on account. Journalize the entries

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A business issued a 120-day, 5% note for $60,000 to a creditor on account. Journalize the entries to record

(a) The issuance of the note and

(b) The payment of the note at maturity, including interest.

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 28, 2018 12:08 PM

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A business issued a 120-day, 5% note for $60,000 to a creditor on account. Journalize the entries

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Corporate Financial Accounting

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