On November 1, Bahama Cruise Lines borrows $21 millon and Issues a six-month, 9% note payable. Interest Is payable at maturity.Record the Issuance of the note and the appropriate adjustment for Interest expense at December 31, the end of the reporting perlod.(If no entry Is requlred for a particular transactlon/event, select "No Journal Entry Required" In the first account fleld. Enter youranswers In dollars, not In mlllons (I.e. 5 should be entered as 5,000,000).)View transaction listJournal entry worksheet1Record the issuance of the note.Note: Enter debits before credits.DateGeneral JournalDebitCreditNovember 01Record entryClear entryView general jourmal

From November 1 to December 31 = 2 months Interest is accrued for 2 months during the current…

On November 1, Bahama Crulse Lines borrows $2.1 millon and Issues a six-month, 9% note payable. Interest Is payable at maturity. Record the Issuance of the note and the appropriate adjustment for Interest expense at December 31, the end of the reporting perlod. (If no entry Is requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld. Enter your answers In dollars, not In mllons (I.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit November 01

On November 1, Bahama Crulse Lines borrows $2.1 millon and Issues a six-month, 9% note payable. Interest Is payable at maturity. Record the Issuance of the note and the appropriate adjustment for Interest expense at December 31, the end of the reporting perlod. (If no entry Is requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld. Enter your answers In dollars, not In mllons (I.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Date General Journal Debit Credit November 01

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14EA: Arvan Patel is a customer of Banks Hardware Store. For Mr. Patels latest purchase on January 1,...

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