Question: CALCIRATOR PULLSCREEN PRINTER VERSION BACK Brief Exercise 8-15 Chanticlerc Co. lent Sharp Inc. $94,000 cash in exchange for a five-year, 6% note on July 1,

CALCIRATOR PULLSCREEN PRINTER VERSION BACK Brief Exercise 8-15 Chanticlerc Co. lent Sharp Inc. $94,000 cash in exchange for a five-year, 6% note on July 1, 2014. Interest is payable quarterly on January 1, April 1. July 1, and October 1 each year. Chanticlerc Co. has a December 31 year end. Record Chanticlerc's entries related to the note up to and including January 1, 2015. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Date July 1, 2014 Credit Oct. 1, 2014 Dec 31, 2014 Jan. 1, 2015 Indicate what amounts will be reported in Chanticlere's December 31, 2014, balance sheet and where the amounts will be classified Chanticlerc Co. Balance Sheet (Partial) December 31, 2014 Click if you would like to Show Work for this question: Open Show Work
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