Question: How to journalize and calculate notes payable? June 29: Payment of note payable Veideretti issued check 30432 for payment of one of the notes payable.

How to journalize and calculate notes payable?

June 29: Payment of note payable

Veideretti issued check 30432 for payment of one of the notes payable. The amount and terms of the note, dated April 30, are $16,000, at 9% interest, for 60 days.

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