Question: kercise 8-2 (Algo) Record notes payable (LO8-2) n November 1, 2024, Backpacking Training Corporation borrows $44,000 cash from Community Savings and Laan. Backpacking aining signs

$Backpacking Training Corporation borrows \$44,000 cash from Community Savings and Laan. Backpacking$

aining signs a three-month, 6% note payoble. Interest is payable at maturity.

Backpacking's year-end is December 31. equired: to 3. Record the necessary entries

kercise 8-2 (Algo) Record notes payable (LO8-2) n November 1, 2024, Backpacking Training Corporation borrows \$44,000 cash from Community Savings and Laan. Backpacking aining signs a three-month, 6% note payoble. Interest is payable at maturity. Backpacking's year-end is December 31. equired: to 3. Record the necessary entries in the Joumal Entry Worksheet below. (If no entry is required for a particulor tronsaction/event, elect "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the issuance of note. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for interest. Note: Enter debits before credits. Journal entry worksheet Record the repayment of the note and payment of interest at maturity. Note: Enter debits before credits

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