On November 1, 2024, Rocketship Training Corporation borrows $58,000 cash from Community Savings and Loan. Rocketship...
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On November 1, 2024, Rocketship Training Corporation borrows $58,000 cash from Community Savings and Loan. Rocketship Training signs a three-month, 6% note payable. Interest is payable at maturity. Rocketship's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/ever select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 > Record the issuance of note. Note: Enter debits before credits. Debit Credit Date November 01, 2024 Record entry General Journal Clear entry View general journal On November 1, 2024, Rocketship Training Corporation borrows $58,000 cash from Community Savings and Loan. Rocketship Training signs a three-month, 6% note payable. Interest is payable at maturity. Rocketship's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/ever select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 > Record the issuance of note. Note: Enter debits before credits. Debit Credit Date November 01, 2024 Record entry General Journal Clear entry View general journal
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General Journal Date 1Nov24 Cash Notes Payable 6 To record the is... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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