Question: Need help with this, thanks. Consider the following note payable transactions of Caleb Videa Productions click the icon to view the transactions) Journalize the transactions
Consider the following note payable transactions of Caleb Videa Productions click the icon to view the transactions) Journalize the transactions for the company 2. Considering the given transactions only, what are Caleb Video Productions total labities on December 31, 2017? Requirement 1. Journalize the transactions for the company Sep 1, 2016 Accounts and Explanation Sep 1 2016 Dec 31, 2016 Accrued interest on the note payable Sep 1 Purchased equipment costing 2T0000by issuing a nine-year, mote payable The note requires annual payments of $30,000 plus interest each Sep Accounts and Explanation Dec. 31 Accrued interest on the note payable 2017 Pad the first installment on the nete Dec 31 Accrued interest on the note Sep 1, 2017 Paid the frstinstalment on the note Accounts and Explanation
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Lets tackle this problem stepbystep Requirement 1 Journalize the Transactions Lets go through each transaction and make the appropriate journal entrie... View full answer
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