On November one 2 0 2 4 URcrazy Inc. signed a nine month non - interest -
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On November one URcrazy Inc. signed a nine month noninterestbearing note for $ for megabucks bank. megabucks bank has a discount rate. URCrazy inc fiscal year ended is December prepare the appropriate journal entry that you're crazy ink should make to record the issuance of the note determine the effective interestrate on this note, show your calculations for possible extra credit prepare any appropriate journal entries at December that are required for this discounted note prepare the appropriate journal entries that would be required on July when the note matures to record interest and payment of this note.
Related Book For
Intermediate Accounting Volume 1
ISBN: 9781260306743
7th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick
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