Question: Can someone answer this for me? Prepare general journal entries for the Knapp Computers Company for the following transactions: Aug. 31 Received a $20,000, 2
Can someone answer this for me?
Prepare general journal entries for the Knapp Computers Company for the following transactions:
Aug. 31 Received a $20,000, 2 month, 9% note from Barber's Accounting Service in settlement of its account.
Sept. 30 Recorded the adjustment for interest.
Oct. 31 Barber paid the note and interest at maturity.
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