Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a business issued a 120-day, 6% note for $16,200 t

A business issued a 120-day, 6% note for $16,200 to a creditor on account. The...

90.2K

Verified Solution

Question

Accounting

A business issued a 120-day, 6% note for $16,200 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest.

If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.

a. fill in the blank 2 fill in the blank 3
fill in the blank 5 fill in the blank 6
b. fill in the blank 8 fill in the blank 9
fill in the blank 11 fill in the blank 12
fill in the blank 14 fill in the blank 15

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2. About amplifiers: (i) Draw/Project a circuit using an operational amplifier with gain -100 (ii) What is the...

Electrical Engineering
Q

A cast iron saucepan of mass 4.4 kg is filled with 20 L of water at...

Mechanical Engineering
Q

Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information...

Accounting
Q

Directions Type your answers in the boxes provided Use numerals not words The ecological pyramid...

Biology
Q

Your friend has just been diagnosed with melanoma and is seeking your help She has...

Biology
Q

Triangle QRS has been translated to create triangle QRS. RS = RS 2 units,...

Geometry
Q

Decibels are a measure of sound on a logarithmic scale, where the number in front...

Basic Math
Q

A football field is 360 feet long and 160 feet wide. 5 principals are making...

Algebra
Q

2 Show steps to solve by Completing the Square Use fractions not decimals when applicable...

Algebra
Q

A company uses the percent of...

Accounting
Q

please help thank you

Accounting
Q

Lasseter Corporation has provided its contribution format income statement for August. The company produces and...

Accounting