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Prepare Journal Entries Without Explanations for the Following Transactions Involving $10,000 \$ 10,000

question 63

Essay

Prepare journal entries without explanations for the following transactions involving notes payable for Willson Company,whose fiscal year ends September 30.
Sept. 10 Received cash for a 60 -day, 12 percent, $10,000 \$ 10,000 note payable. Interest is in addition to the face value.
30 Made end-of-year adjusting entry to accue interest expense for the note.

Nov. 9 Paid amount due on the note plus interest.  Prepare journal entries without explanations for the following transactions involving notes payable for Willson Company,whose fiscal year ends September 30.  Sept. 10 Received cash for a 60 -day, 12 percent,   \$ 10,000   note payable. Interest is in addition to the face value. 30 Made end-of-year adjusting entry to accue interest expense for the note.  Nov. 9 Paid amount due on the note plus interest.


Definitions:

Recording

The act of capturing audio, video, or digital events for playback or analysis.

Series

A sequence of data points connected over a period of time or across categories, often visualized in charts or graphs.

Steps

The individual actions or procedures taken in sequence to accomplish a task or solve a problem.

If Statements

Conditional statements in programming that execute different code blocks based on whether a specified condition is true or false.

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