On September 1, 2021, Allied Moving Corp. borrows $90,000 cash from First National Bank. Allied signs a six-month, 6% note payable. Interest is payable at maturity. Allied's year-end is December 31. Journal entry worksheet 1 2 3 Record the issuance of notes payable.

On September 1, 2021, Allied Moving Corp. borrows $90,000 cash from First National Bank. Allied signs a six-month, 6% note payable. Interest is payable at maturity. Allied's year-end is December 31. Journal entry worksheet 1 2 3 Record the issuance of notes payable.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 1CE

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Question

On September 1, 2021, Allied Moving Corp. borrows $90,000 cash from First National Bank. Alled signs a six-month, 6% note payable.
Interest is payable at maturity. Allied's year-end is December 31.
Journal entry
worksheet
1
2
3
>
Record the issuance of notes payable.

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