On May 2, Wildhorse Company lends $12,200 to Indigo, Inc., issuing a 6-month, 6% note. At the

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On May 2, Wildhorse Company lends $12,200 to Indigo, Inc., issuing a 6-month, 6% note. At the November 2 maturity date, Indigo indicates that it cannot pay. (a) Prepare the entry to record the issuance of the note. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Posted Date: May 19, 2024 04:02 AM

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On May 2, Wildhorse Company lends $12,200 to Indigo, Inc., issuing a 6-month, 6% note. At the

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