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harra harra
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7 years ago
The Cart Company, whose year end is December 31, entered into the following transactions relating to notes payable during 2013:

Nov. 15   Purchased inventory costing $45,000 by signing a 60-day,
   6% note payable.
Dec.  1   Purchased additional inventory costing $30,000 by signing a 120-day,
   7% note payable.
Dec. 13   Gave a 180-day, $20,000 note payable at the bank at 7.5% for a cash loan.

Prepare any necessary adjusting entries related to the above notes as of December 31, 2013.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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7 years ago
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harra Author
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#2
6 years ago
thank you × a million
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