Prepare journal entries for each of the transactions.
Ace your studies with our custom writing services! We've got your back for top grades and timely submissions, so you can say goodbye to the stress. Trust us to get you there!
Order a Similar Paper Order a Different Paper
Rob Judson Company had the following transactions involving notes payable.
July 1, 2010
Borrows $50,000 from Third National Bank by signing a 9-month, 12% note.
Nov. 1, 2010
Borrows $60,000 from DeKalb State Bank by signing a 3-month, 10% note.
Dec. 31, 2010
Prepares adjusting entries.
Feb. 1, 20011
Pays principal and interest to DeKalb State Bank.
Apr. 1, 20011
Pays principal and interest to Third National Bank.
Instructions
Prepare journal entries for each of the transactions.
Looking for top-notch essay writing services? We've got you covered! Connect with our writing experts today. Placing your order is easy, taking less than 5 minutes. Click below to get started.
Order a Similar Paper Order a Different Paper
