FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
journalize the following entries on the books of the borrower. Assume a 360-day year.
January 1 |
Aggie Co. purchased merchandise on account from Low Co. for $40,000. |
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January 30 |
Aggie Co. issued a 60-day, 6% note for $40,000 |
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March 29 |
Aggie Co. paid the amount due at maturity
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