Ellsworth Enterprises borrowed $425,000 on an 8%, interest-bearing note on September 30, 2020. Ellsworth ends its fiscal year on December 31. The note was paid with interest on May 31, 2021. Prepare the entry to record the repayment of the note on May 31, 2021. Account Names DR CR Blank 1. Fill in the blank, read surrounding text. Blank 2. Fill in the blank, read surrounding text. Blank 3. Fill in the blank, read surrounding text. Blank 4. Fill in the blank, read surrounding text. Blank 5. Fill in the blank, read surrounding text. Blank 6. Fill in the blank, read surrounding text. Blank 7. Fill in the blank, read surrounding text. Blank 8. Fill in the blank, read surrounding text. Blank 9. Fill in the blank, read surrounding text. Blank 10. Fill in the blank, read surrounding text. Blank 11. Fill in the blank, read surrounding text. Blank 12. Fill in the blank, read surrounding text. Blank 13. Fill in the blank, read surrounding text. Blank 14. Fill in the blank, read surrounding text. Blank 15. Fill in the blank, read surrounding text. Blank 16. Fill in the blank, read surrounding text. Blank 17. Fill in the blank, read surrounding text. Blank 18. Fill in the blank, read surrounding text. Blank 19. Fill in the blank, read surrounding text. Blank 20. Fill in the blank, read surrounding text. Show any calculations Blank 21. Fill in the blank, read surrounding text.
Ellsworth Enterprises borrowed $425,000 on an 8%, interest-bearing note on September 30, 2020. Ellsworth ends its fiscal year on December 31. The note was paid with interest on May 31, 2021. Prepare the entry to record the repayment of the note on May 31, 2021. Account Names DR CR Blank 1. Fill in the blank, read surrounding text. Blank 2. Fill in the blank, read surrounding text. Blank 3. Fill in the blank, read surrounding text. Blank 4. Fill in the blank, read surrounding text. Blank 5. Fill in the blank, read surrounding text. Blank 6. Fill in the blank, read surrounding text. Blank 7. Fill in the blank, read surrounding text. Blank 8. Fill in the blank, read surrounding text. Blank 9. Fill in the blank, read surrounding text. Blank 10. Fill in the blank, read surrounding text. Blank 11. Fill in the blank, read surrounding text. Blank 12. Fill in the blank, read surrounding text. Blank 13. Fill in the blank, read surrounding text. Blank 14. Fill in the blank, read surrounding text. Blank 15. Fill in the blank, read surrounding text. Blank 16. Fill in the blank, read surrounding text. Blank 17. Fill in the blank, read surrounding text. Blank 18. Fill in the blank, read surrounding text. Blank 19. Fill in the blank, read surrounding text. Blank 20. Fill in the blank, read surrounding text. Show any calculations Blank 21. Fill in the blank, read surrounding text.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 3E: Non-Interest-Bearing Notes Payable On November 16, 2019, Clear Glass Company borrowed 20,000 from...
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Ellsworth Enterprises borrowed $425,000 on an 8%, interest-bearing note on September 30, 2020. Ellsworth ends its fiscal year on December 31. The note was paid with interest on May 31, 2021.
Prepare the entry to record the repayment of the note on May 31, 2021.
Account Names | DR | CR | |
Blank 1. Fill in the blank, read surrounding text. | Blank 2. Fill in the blank, read surrounding text. | Blank 3. Fill in the blank, read surrounding text. | Blank 4. Fill in the blank, read surrounding text. |
Blank 5. Fill in the blank, read surrounding text. | Blank 6. Fill in the blank, read surrounding text. | Blank 7. Fill in the blank, read surrounding text. | Blank 8. Fill in the blank, read surrounding text. |
Blank 9. Fill in the blank, read surrounding text. | Blank 10. Fill in the blank, read surrounding text. | Blank 11. Fill in the blank, read surrounding text. | Blank 12. Fill in the blank, read surrounding text. |
Blank 13. Fill in the blank, read surrounding text. | Blank 14. Fill in the blank, read surrounding text. | Blank 15. Fill in the blank, read surrounding text. | Blank 16. Fill in the blank, read surrounding text. |
Blank 17. Fill in the blank, read surrounding text. | Blank 18. Fill in the blank, read surrounding text. | Blank 19. Fill in the blank, read surrounding text. | Blank 20. Fill in the blank, read surrounding text. |
Show any calculations | Blank 21. Fill in the blank, read surrounding text. |
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