rob judson company had the following transactions involving notes payable 492055
Rob Judson Company had the following transactions involving notes payable.
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rob judson company had the following transactions involving notes payable 492055
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1-Jul-11 |
Borrows $50,000 from Third National Bank by signing a 9-month, 12% note. |
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1-Nov-11 |
Borrows $60,000 from DeKalb State Bank by signing a 3-month, 10% note. |
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31-Dec-11 |
Prepares adjusting entries. |
|
1-Feb-12 |
Pays principal and interest to DeKalb State Bank. |
|
1-Apr-12 |
Pays principal and interest to Third National Bank. |
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