Pina Colada Limited borrowed $34,500 ch November 1, 2023, by signing a $34,500, three-month, 8% note....

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Pina Colada Limited borrowed $34,500 ch November 1, 2023, by signing a $34,500, three-month, 8% note. Prepare Pina Colada's November 1, 2023 entry; the December 31, 2023 annual adjusting entry; and the February 1, 2024 entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) ccount Titles and Explanation Debit Credit Cash Notes Payable Interest Expense Interest Payable Notes Payable 34500 460 34500 460 Pina Colada Limited borrowed $34,500 ch November 1, 2023, by signing a $34,500, three-month, 8% note. Prepare Pina Colada's November 1, 2023 entry; the December 31, 2023 annual adjusting entry; and the February 1, 2024 entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) ccount Titles and Explanation Debit Credit Cash Notes Payable Interest Expense Interest Payable Notes Payable 34500 460 34500 460

Answer rating: 100% (QA)

1 November 1 2023 entry Date November 1 2023 Account Titles and Explanation De... View the full answer