On November 1, 2024, Backpacking Training Corporation borrows $44,000 cash from Community Savings and Loan....
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On November 1, 2024, Backpacking Training Corporation borrows $44,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the issuance of note. Date Note: Enter debits before credits. 3 November 01, 2024 Record entry General Journal Clear entry Debit Credit View general journal
On November 1, 2024, Backpacking Training Corporation borrows $44,000 cash from Community Savings and Loan Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3
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