Consider the following note payable transactions of Crandell Video Productions. (Click the icon to view...
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Consider the following note payable transactions of Crandell Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug. 1, 2017: Purchased equipment costing S22.000 by issuing a one-year, 9% note payable. Accounts and Explanation Date 2017 Aug. 1 Debit Credit More Info 2017 Aug. 1 Purchased equipment costing $22,000 by issuing a one-year, 9% note payable. Dec. 31 Accrued interest on the note payable 2018 Aug. 1 Paid the note payable plus interest at maturity Print Done
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