Dunlin Development Company Had the Following Transactions Involving Notes Payable $\quad$

question 32

Essay

Dunlin Development Company had the following transactions involving notes payable. Nov. 1, 2016 $\quad$ Borrows $\$ 120,000$ from Merchants and Marine Bank by signing a 3 month, $10 \%$ note.

Dec. 31,2016 $\quad$ Prepares the adjusting entry.
Feb. 1,2017 $\quad$ Pays principal and interest to Merchants and Marine Bank.
Instructions
Prepare journal entries for each of the transactions.

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Definitions:

Skin Integrity

The condition of healthy and intact skin, free of damage, breakdown, or infection, essential for protecting the body from external harm.

Nutrition

The process by which organisms take in and utilize food material, essential for energy, growth, maintenance of life, and health.

Skin Integrity

The condition of the skin being whole, undamaged, and intact, without any breaks or lesions.

Wound Care

The management and treatment of wounds, involving cleaning, protecting, and promoting healing to prevent infection and complications.