Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account. Assume a 360-day year. If an amount box does not require an entry, leave it blank. a. If the note is issued with a 45-day term, journalize the entries to record: the issuance of the note. the payment of the note at maturity. 1. fill in the blank a37cc101b03af8c_2 fill in the blank a37cc101b03af8c_3 fill in the blank a37cc101b03af8c_5 fill in the blank a37cc101b03af8c_6 2. fill in the blank a37cc101b03af8c_8 fill in the blank a37cc101b03af8c_9 fill in the blank a37cc101b03af8c_11 fill in the blank a37cc101b03af8c_12 fill in the blank a37cc101b03af8c_14 fill in the blank a37cc101b03af8c_15 b. If the note is issued with a 90-day term, journalize the entries to record: the issuance of the note. the payment of the note at maturity. 1. fill in the blank addbbd064fa6f8c_2 fill in the blank addbbd064fa6f8c_3 fill in the blank addbbd064fa6f8c_5 fill in the blank addbbd064fa6f8c_6 2. fill in the blank addbbd064fa6f8c_8 fill in the blank addbbd064fa6f8c_9 fill in the blank addbbd064fa6f8c_11 fill in the blank addbbd064fa6f8c_12 fill in the blank addbbd064fa6f8c_14 fill in the blank addbbd064fa6f8c_15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Entries for notes payable

Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account.

Assume a 360-day year. If an amount box does not require an entry, leave it blank.

a. If the note is issued with a 45-day term, journalize the entries to record:

the issuance of the note.
the payment of the note at maturity.

1.	fill in the blank a37cc101b03af8c_2	fill in the blank a37cc101b03af8c_3
	fill in the blank a37cc101b03af8c_5	fill in the blank a37cc101b03af8c_6
2.	fill in the blank a37cc101b03af8c_8	fill in the blank a37cc101b03af8c_9
	fill in the blank a37cc101b03af8c_11	fill in the blank a37cc101b03af8c_12
	fill in the blank a37cc101b03af8c_14	fill in the blank a37cc101b03af8c_15

b. If the note is issued with a 90-day term, journalize the entries to record:

the issuance of the note.
the payment of the note at maturity.

1.	fill in the blank addbbd064fa6f8c_2	fill in the blank addbbd064fa6f8c_3
	fill in the blank addbbd064fa6f8c_5	fill in the blank addbbd064fa6f8c_6
2.	fill in the blank addbbd064fa6f8c_8	fill in the blank addbbd064fa6f8c_9
	fill in the blank addbbd064fa6f8c_11	fill in the blank addbbd064fa6f8c_12
	fill in the blank addbbd064fa6f8c_14	fill in the blank addbbd064fa6f8c_15

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