Question: E - F: 1 1 - 1 5 Recording note payable transactions ( Learning Objective 1 ) Consider the following note payable transactions of Creative

E-F:11-15 Recording note payable transactions (Learning Objective 1)
Consider the following note payable transactions of Creative Video Productions.
2023
Aug. 1 Purchased equipment costing $16,000 by issuing a one-year, 9% note payable.
Dec. 31 Accrued interest on the note payable.
2024
Aug. 1 Paid the note payable plus interest at maturity.
Journalize the transactions for the company.
Aug. 1,2024 Interest Expense $840
E - F: 1 1 - 1 5 Recording note payable

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