July 1 5 Borrowed $ 1 , 0 0 0 cash from the bank, giving a 6
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Question:
July Borrowed $ cash from the bank, giving a day noninterestbearing note. The note is discounted by the bank.
Sept: Paid the $ note, recognizing the discount as interest expense.
Prepare general journal entries for the transactions. Assume days in a year:
tableDATE,ACCOUNT TITLE,tableDOC POST,NO REF.DEBIT,CREDITtableJulSept. longrightarrow,,,
Related Book For
Posted Date: