Question: what goes in the notes payable and last box? i cant figure it out. thank you!! 3. On April 1. Mary Company borrows $50,400 from
what goes in the notes payable and last box? i cant figure it out. thank you!!
3. On April 1. Mary Company borrows $50,400 from Whispering Winds Bank by signing a 5 -month, 5%, interest-bearing note. (a) Prepare the entry for Mary on April 1 when the note was issued (b) Prepare any adjusting entries necessary on June 30 for Mary in order to prepare the semiannual financial statements. (c) Prepare the entry to record payment of the note by Mary at maturity
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