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Prepare Journal Entries Without Explanations for the Following Transactions Involving

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Prepare journal entries without explanations for the following transactions involving notes payable for Gomez Company,whose fiscal year ends June 30.
 June 20 Paid a trade account payable with a 90-day, 9 percent $60,000 note. Interest is  in addition to the face value. 30 Made end-of-year adjusting entry to accrue interest expense for the note. 30 Made end-of-year closing entry pertaining to interest expense.  Sept. 18 Paid amount due on note, plus interest. \begin{array}{|l|l|l|}\hline \text { June } & 20& \begin{array}{c}\text { Paid a trade account payable with a } 90 \text {-day, } 9 \text { percent } \$ 60,000 \text { note. Interest is } \\\text { in addition to the face value. }\end{array} \\\hline & 30& \text { Made end-of-year adjusting entry to accrue interest expense for the note. } \\\hline & 30 &\text { Made end-of-year closing entry pertaining to interest expense. } \\\hline \text { Sept. } & 18 &\text { Paid amount due on note, plus interest. }\\\hline\end{array}
 Prepare journal entries without explanations for the following transactions involving notes payable for Gomez Company,whose fiscal year ends June 30.   \begin{array}{|l|l|l|} \hline \text { June } & 20& \begin{array}{c} \text { Paid a trade account payable with a } 90 \text {-day, } 9 \text { percent } \$ 60,000 \text { note. Interest is } \\ \text { in addition to the face value. } \end{array} \\ \hline & 30& \text { Made end-of-year adjusting entry to accrue interest expense for the note. } \\ \hline & 30 &\text { Made end-of-year closing entry pertaining to interest expense. } \\ \hline \text { Sept. } & 18 &\text { Paid amount due on note, plus interest. }\\ \hline \end{array}

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Definitions:

Experimental Group

A group in an experiment that receives the variable being tested.

Metaphors

Figures of speech that describe an object or action in a way that isn’t literally true, but helps explain an idea or make a comparison.

Analogy

A comparison between two or more similar events or things.

Modus Tollens

A hypothetical syllogism in which the antecedent premise is denied by the consequent premise.

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