Answered: FDN Company signed a 90-day, 8%…

FDN Company signed a 90-day, 8% P150,000 note with the bank for cash borrowed. On maturity date, the company made the payment. How much is debited to the Notes Payable account on maturity date?

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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