Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $20 million
Question:
Required:
1. Prepare the journal entries on November 1, 2012, to record
(a) The notes payable for Eskimo Joe's
(b) The notes receivable for Stillwater National Bank.
2. Record the adjustment on December 31, 2012, for
(a) Eskimo Joe's
(b) Stillwater National Bank.
3. Prepare the journal entries on April 30, 2013, to record payment of
(a) The notes payable for Eskimo Joe's
(b) The notes receivable for Stillwater National Bank.
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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