On October 22 the company signed a $450,000 10 years 5% note to purchase equipment. The note will be due in annual installments starting on September 30 of the next year. journal entry is required
On October 22 the company signed a $450,000 10 years 5% note to purchase equipment. The note will be due in annual installments starting on September 30 of the next year. journal entry is required
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
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 14RE: On January 1, 2019, Boater Company issues a 20,000 non-interest-bearing, 5-year note for equipment....
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On October 22 the company signed a $450,000 10 years 5% note to purchase equipment. The note will be due in annual installments starting on September 30 of the next year.
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