On June 30, 2014, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize
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On June 30, 2014, Harper, Co. purchased $9,000 of inventory for a one-year, 9% note payable. Journalize the following for the company:
1. Accrual of interest expense on December 31, 2014
2. Payment of the note plus interest on June 30, 2015
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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