Question: View Policies Current Attempt in Progress The current liabilities section of the December 31, 2020, balance sheet of Ivanhoe Company included notes payable of $29.000






View Policies Current Attempt in Progress The current liabilities section of the December 31, 2020, balance sheet of Ivanhoe Company included notes payable of $29.000 and interest payable of $870. The note payable was issued to Tanner Company on June 30, 2020. Interest of 6% is payable at maturity, March 31, 2021 The following selected transactions occurred in the year ended December 31, 2021 Jan 12 Purchased merchandise on account from McCoy Company for $55,200, terme /30. Ivanhoe uses a perpetual inventory system Issued a $55,200, three-month, 6% note to McCoy Company in payment of its account. Interest is xiyable monthly 31 Feb. 28 Paid interest on the McCoy note (see January 31 transaction) Mar. 31 Paid the Tanner note, plus interest. 31 Paid interest on the McCoy note (see January 31 transaction). > Question 4 of 9 (Borrowed cash and signed a note.) (Borrowed cash and signed a note.) (Paid interest expense.) (Accrued interest expense.) List of Accounts
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