On October 1, 2026, Bella Company took a cash loan for $59,000 by signing a 6month, 2%

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On October 1, 2026, Bella Company took a cash loan for $59,000 by signing a 6month, 2% Note Payable. Interest was accrued on December 31, 2026. What is the journal entry on maturity date when the note was paid?

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Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Posted Date: Mar 06, 2024 08:47 PM

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On October 1, 2026, Bella Company took a cash loan for $59,000 by signing a 6month, 2%

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The journal entry on the maturity date April 1 2027 when the note was paid would be C... View the full answer

Advanced Financial Accounting

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