Record the following note payable transactions of Lambda Company in the company's general journal. Explanations are not
Question:
2013
Jun. 1 Purchased delivery truck costing $86,000 by issuing a one-year, 6-percent note payable.
Dec. 31 Accrued interest on the note payable.
2014
Jun. 1 Paid the note payable at maturity.
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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