E11-15 Recording note payable transactions Consider the following note payable transactions of Creative Video Productions. 2017 Purchased equipment costing $16,000 by issuing a one-year, 9% note payable. Aug. 1 Dec. 31 Accrued interest on the note payable. 2018 Aug. 1 Paid the note payable plus interest at maturity. Journalize the transactions for the company.

E11-15 Recording note payable transactions Consider the following note payable transactions of Creative Video Productions. 2017 Purchased equipment costing $16,000 by issuing a one-year, 9% note payable. Aug. 1 Dec. 31 Accrued interest on the note payable. 2018 Aug. 1 Paid the note payable plus interest at maturity. Journalize the transactions for the company.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 50P

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