Question: ing Objective 1 E10-15 Recording note payable transactions Consider the following note payable transactions of Concert Video Productions. erest Expense $120 2015 Purchased equipment costing

ing Objective 1 E10-15 Recording note payable transactions Consider the following note payable transactions of Concert Video Productions. erest Expense $120 2015 Purchased equipment costing $12,000 by issuing a one-year, 3% note payable May 1 Dec 31 Accrued interest on the note payable. 2016 May 1 Paid the note payable plus interest at maturity Journalize the transactions for the company

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