Shins Company borrowed $50,000 on November 1, 2008, by signing a $50,000, 9%, 3-month note. Prepare Shins

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Shin’s Company borrowed $50,000 on November 1, 2008, by signing a $50,000, 9%, 3-month note. Prepare Shin’s November 1, 2008, entry; the December 31, 2008, annual adjusting entry; and the February 1, 2009, entry.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 16, 2012 07:49 AM

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Shins Company borrowed $50,000 on November 1, 2008, by signing a $50,000, 9%, 3-month note. Prepare Shins

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11108 Cash 50000 Notes Payable 50000 123108 Int...View the full answer

Intermediate Accounting principles and analysis

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