Journal entry worksheet 1 2 3 4 5 6 On October 1, 2024, Hurricane lent $7,600 to another company. The other company signed a note indicating principal and 6% interest will be paid to Hurricane on September 30, 2025. Record the adjusting entry for interest at its year-end of December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal
Journal entry worksheet 1 2 3 4 5 6 On October 1, 2024, Hurricane lent $7,600 to another company. The other company signed a note indicating principal and 6% interest will be paid to Hurricane on September 30, 2025. Record the adjusting entry for interest at its year-end of December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 6SEB: JOURNAL ENTRIES (ACCRUED INTEREST RECEIVABLE) At the end of the year, the following interest is...
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