Question: View transaction list Journal entry worksheet 23 5 6 7 8 Paid the amount due on the note to Locust at the maturity date. Note:
View transaction list Journal entry worksheet 23 5 6 7 8 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Aug 17 View general journal Record entry Clear entry +5 of 5 Required information Problem 9-1A Short-term notes payable transactions and entries LO P1 (The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities bints eBook Print Year 1 Apr. 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 78, $35,000 note payable along with paying $500 in cash July B Borrowed $63,000 cash from NBR Bank by signing a 120-day, 108, $63,000 note payable. 2. Paid the amount due on the note to Locust at the naturity date. ? Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $27.000 cash from Fargo Banil by signing a 60-day, 68, $27,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. References Year 2 2 Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9.1A Part 5
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