Question: 1 On Febnury 1 , borrowed $ 1 2 , 0 0 0 fiem a bank and signed a note. Fincipal and ristrest at sots
On Febnury borrowed $ fiem a bank and signed a note. Fincipal and ristrest at sots wall be paid on January
On Jaly purchased supples colting $ on account. At the year end on December supplies costing $ temained on hand.
On November the company lent $ to one of rs engloyees and accepted a note from the employee agreeing to pary back the princpal and Kinterest on Apri
Required:
Record each wamacion in general journal form
Prepare any necessary adviting entres at the year end on becreber has apsting entries were recorded during the year for anyillem.
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