Journal Entries (Note Issued, Renewed, and Paid) 1. Prepare general journal entries for the following...
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Accounting
Journal Entries (Note Issued, Renewed, and Paid) 1. Prepare general journal entries for the following transactions. If an amount box does not require an entry, leave it blank. When required, enter amounts to the nearest cent. Assume 360 days in a year. June 15 Purchased $7,500 worth of equipment from a supplier on account. July 15 Issued a $7,500, 30-day, 7% note in payment of the account payable. Aug. 14 Paid $300 cash plus interest to the supplier, extending
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