Question: please show all work Question 2 (4 pts): Consider the following note payable transactions of Caleb Video Productions. 2018 Oct. 1 Purchased equipment costing $80,000
Question 2 (4 pts): Consider the following note payable transactions of Caleb Video Productions. 2018 Oct. 1 Purchased equipment costing $80,000 by issuing a five-year, 8% note payable. The note requires annual principal payments of $16,000 plus interest each October 1. Dec. 31 Accrued interest on the note payable. 2019 Oct. 1 Dec. 31 Paid the first installment on the note. Accrued interest on the note payable. Journalize the transactions for the company
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