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

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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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

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