Business, 26.08.2021 19:00 scottytohotty

Concord Corporation had the following transactions involving notes payable. July 1, 2019 Borrows $52,000 from First National Bank by signing a 9-month, 8% note.
Nov. 1, 2019 Borrows $62,400 from Lyon County State Bank by signing a 3-month, 6% note.
Dec. 31, 2019 Prepares adjusting entries.
Feb. 1, 2020 Pays principal and interest to Lyon County State Bank.
Apr. 1, 2020 Pays principal and interest to First National Bank.
Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:40

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

Answers: 1

Answer

Business, 22.06.2019 19:40

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer

Answers: 2

Answer

Business, 22.06.2019 20:30

What talents or skills do u admire most in others

Answers: 2

Answer

Business, 22.06.2019 20:50

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?

Answers: 1

Answer

You know the right answer?

Concord Corporation had the following transactions involving notes payable. July 1, 2019 Borrows $...

Questions