WebOn November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) Employee vacation benefits: On May 22, Jarrett Company borrows $8,700, signing a 90-day, 8%, $8,700 note. WebOn May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date? A. Debit Notes Payable $7,500; credit Interest Expense $150; credit Cash $7,350. B. Debit Notes Payable $7,500; credit Cash $7,500.
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WebOn May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the transaction by Jarrett Company? A) Debit Cash $7,500; credit Notes Payable $7,500. B) Debit Notes Receivable $7,500; credit Cash $7,500. C) Debit Cash $7,650; credit Notes Payable $7,650. Web20 de mar. de 2024 · 127.On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the transaction by Jarrett Company? A.Debit Cash $7,500; credit Accounts Payable $7,500. happy birthday clip art maxine
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Web29 de mar. de 2024 · Jeff Jarrett recently talked to Muscle Man Malcolm where he said he plans to wrestle again this year. Jarrett went into detail about how the GCW run came … WebExpert Answer. Journal Entry: Date Particulars Debit Credit …. On May 22, Jarrett Company borrows $8,400, signing a 90-day, 6%, $8,400 note. What is the journal entry … WebOn May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date? A) Debit Cash $7,650; credit Interest Revenue $150; credit Notes Receivable $7,500. B) Debit Notes Payable $7,500; credit Cash $7,500. chairman dorset council