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Accounting Assignment | Custom Assignment Help

Author:
October 19th, 2019

1.      On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.Custom Assignment Help

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Instructions

Prepare the necessary entries below associated with the note payable on the books of Holton Company.

(a)   Prepare the entry on April 1 when the note was issued.

(b)   Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made.

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(C)  Prepare the entry on Sep 1 when the note was matured Get accounting  assignment homework help today

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