Question: not sure how to figure out debit notes payable and credit cas TERATURE COxtemat browser=uUCHU https%253A%252F%252Fnewconnect 14 Assignment Sarved Help Save & Exit Submit Check
TERATURE COxtemat browser=uUCHU https%253A%252F%252Fnewconnect 14 Assignment Sarved Help Save & Exit Submit Check my work 4. Now assume that the note does not require equal payments but does require four payments that include accrued interest and an equal amount of principal in each payment. Complete an installment note amortization schedule for this note Present the journal entries that calls would make to record accrued interest as of December 31, 2020 (the end of the annual reporting periodi and the first payment on the note (Do not round intermediate calculations. Round the final answers to the nearest whole dollar, Enter all the amounts as positive values.) Beginning Period Balance Interest Expense $ 110,000 s 6,600 Payments Debit Notes Payable Credit Cash Ending Balance co Period Ending Nov. 30/21 Nov. 30/22 Nov. 30/23 Nov. 30/24 Totals 0 $ 6.600 41,152 $ 0 Prey 1 of 4 !!! Next >
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