Question: hello could someone help me with this exercice ? Do records of these transactions: On April 20, purchased $ 37 500 of merchandise on credit
Exercise 21 Do records of these transactions: On April 20, purchased $ 37 500 of merchandise on credit from Cheny, term are 1/10, n/30. On May 15 replaced the account payable to Cheny with a 90-day, $ 30 000 note bearing 12 % annual interest along with paying $ 7 500 in cash On August 13 paid the amount due on the note to Cheny at maturity. On September I borrowed $ 55 000 cash from U.O Bank by signing an 8 %, 60-day interest-bearing note On October 31 paid the amount due on the note to U.O Banks at maturity
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