Takemoto Ltd. borrowed 60,000,000 on November 1, 2021, by signing a 61,350,000 3 month, zero-interest-bearing note. Prepare

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Takemoto Ltd. borrowed ¥60,000,000 on November 1, 2021, by signing a ¥61,350,000 3 month, zero-interest-bearing note. Prepare Takemoto’s November 1, 2021, entry; the December 31, 2021, annual adjusting entry; and the February 1, 2022, entry.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Aug 02, 2021 07:35 AM

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Takemoto Ltd. borrowed 60,000,000 on November 1, 2021, by signing a 61,350,000 3 month, zero-interest-bearing note. Prepare

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November 1 2021 Cash ac 60000000 To Notes Payables ac 60000000 Being money borrowed Dec ...View the full answer

Intermediate Accounting IFRS

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