Jones Company secured a loan for cash in the amount of $11,000.00. The loan is...
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Jones Company secured a loan for cash in the amount of $11,000.00. The loan is 3 years with an annual interest rate of 7.77% The loan origination date is September 1, 2022 and the first monthly payment is due on the 28th of each month Record the general journal entry to record the loan. Record the general journal entry to record the first loan payment. Record the September 30, 2022 general journal adjusting entry to record the current portion of the loan. Record the general journal entry to record the second loan payment. Record the October 31, 2022 general journal adjusting entry to record
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