On October 1, Ramos Co. signed a $90,000, 60-day note at the bank to be paid on November 30. (Assume a 360-day year is used for interest computations.) a. Journalize the entries for October 1 and November 30, assuming the note was discounted at 6%. If an amount box does not require an entry, leave it blank. Oct. 1 fill in the blank 9b46170d8ff6049_2 fill in the blank 9b46170d8ff6049_3 fill in the blank 9b46170d8ff6049_5 fill in the blank 9b46170d8ff6049_6 fill in the blank 9b46170d8ff6049_8 fill in the blank 9b46170d8ff6049_9 Nov. 30 fill in the blank 9b46170d8ff6049_11 fill in the blank 9b46170d8ff6049_12 fill in the blank 9b46170d8ff6049_14 fill in the blank 9b46170d8ff6049_15 b. Journalize the entries for October 1 and November 30, assuming the note was interest-bearing at 6%. If an amount box does not require an entry, leave it blank. Oct. 1 fill in the blank 213f6401ef9900d_2 fill in the blank 213f6401ef9900d_3 fill in the blank 213f6401ef9900d_5 fill in the blank 213f6401ef9900d_6 Nov. 30 fill in the blank 213f6401ef9900d_8 fill in the blank 213f6401ef9900d_9 fill in the blank 213f6401ef9900d_11 fill in the blank 213f6401ef9900d_12 fill in the blank 213f6401ef9900d_14 fill in the blank 213f6401ef9900d_15
On October 1, Ramos Co. signed a $90,000, 60-day note at the bank to be paid on November 30. (Assume a 360-day year is used for interest computations.) a. Journalize the entries for October 1 and November 30, assuming the note was discounted at 6%. If an amount box does not require an entry, leave it blank. Oct. 1 fill in the blank 9b46170d8ff6049_2 fill in the blank 9b46170d8ff6049_3 fill in the blank 9b46170d8ff6049_5 fill in the blank 9b46170d8ff6049_6 fill in the blank 9b46170d8ff6049_8 fill in the blank 9b46170d8ff6049_9 Nov. 30 fill in the blank 9b46170d8ff6049_11 fill in the blank 9b46170d8ff6049_12 fill in the blank 9b46170d8ff6049_14 fill in the blank 9b46170d8ff6049_15 b. Journalize the entries for October 1 and November 30, assuming the note was interest-bearing at 6%. If an amount box does not require an entry, leave it blank. Oct. 1 fill in the blank 213f6401ef9900d_2 fill in the blank 213f6401ef9900d_3 fill in the blank 213f6401ef9900d_5 fill in the blank 213f6401ef9900d_6 Nov. 30 fill in the blank 213f6401ef9900d_8 fill in the blank 213f6401ef9900d_9 fill in the blank 213f6401ef9900d_11 fill in the blank 213f6401ef9900d_12 fill in the blank 213f6401ef9900d_14 fill in the blank 213f6401ef9900d_15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On October 1, Ramos Co. signed a $90,000, 60-day note at the bank to be paid on November 30. (Assume a 360-day year is used for interest computations.)
a.
| Oct. 1 | fill in the blank 9b46170d8ff6049_2 | fill in the blank 9b46170d8ff6049_3 | |
| fill in the blank 9b46170d8ff6049_5 | fill in the blank 9b46170d8ff6049_6 | ||
| fill in the blank 9b46170d8ff6049_8 | fill in the blank 9b46170d8ff6049_9 | ||
| Nov. 30 | fill in the blank 9b46170d8ff6049_11 | fill in the blank 9b46170d8ff6049_12 | |
| fill in the blank 9b46170d8ff6049_14 | fill in the blank 9b46170d8ff6049_15 |
b. Journalize the entries for October 1 and November 30, assuming the note was interest-bearing at 6%. If an amount box does not require an entry, leave it blank.
| Oct. 1 | fill in the blank 213f6401ef9900d_2 | fill in the blank 213f6401ef9900d_3 | |
| fill in the blank 213f6401ef9900d_5 | fill in the blank 213f6401ef9900d_6 | ||
| Nov. 30 | fill in the blank 213f6401ef9900d_8 | fill in the blank 213f6401ef9900d_9 | |
| fill in the blank 213f6401ef9900d_11 | fill in the blank 213f6401ef9900d_12 | ||
| fill in the blank 213f6401ef9900d_14 | fill in the blank 213f6401ef9900d_15 |
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