On November 1, 2012, Aviation Training Corp. borrows $50,000 cash from Community Savings and Loan. Aviation Training
Question:
Required:
1. Record the note payable by Aviation Training.
2. Record the appropriate adjustment for the note by Aviation Training on December 31, 2012.
3. Record the payment of the note at maturity.
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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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