Record the following note payable transactions of Lisbon, Corp. in the companys journal. Explanations are not required.

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Record the following note payable transactions of Lisbon, Corp. in the company’s journal. Explanations are not required.

2014

May 1 Purchased equipment costing $15,000 by issuing a one-year, 6% note payable. Dec 31 Accrued interest on the note payable.

2015

May 1 Paid the note payable at maturity.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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