Question

Use the information in E10-1 to complete the following requirements.
Required:
1. Give the journal entry to record the note on November 1, 2015.
2. Give any adjusting entry required on December 31, 2015.
3. Give the journal entry to record payment of the note and interest on the maturity date, April 30, 2016, assuming that interest has not been recorded since December 31, 2015.
Info E10-1


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  • CreatedNovember 02, 2015
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