Ch13_P02A - $12,500 Apr 14 Replaced Ferris payable with...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 13-2A Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Part 1 M1 M5:Q18 General Journal M22 M20:Q60 Given Data T1
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REPORT REFERENCE Part 1 M1 Given Data T1 0 0 SPATS Problem 13-2A Chernin Company Schedule Ferrris, Scotia National Inc. Bank Bank 1. Maturity dates: REPORT REFERENCE General Journal M26 Given Data T1 0 0 SPATS Problem 13-2A Chernin Company General Journal Trans. Date Account Titles no. Debit Credit 2005
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Given Data: Chernin Company 2002 Mar 14 Credit purchase from Ferris
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Unformatted text preview: $12,500 Apr 14 Replaced Ferris payable with note Term in days 60 Annual interest 10% Cash paid $3,500 Balance of note $9,000 May 21 Borrowed from Scotia Bank Term in days 90 Annual interest 12% Amount of note $20,000 ? Paid note to Ferris at maturity ? ? Paid note to Scotia Bank at maturity ? Dec 15 Borrowed from National Bank Term in days 120 Annual interest 9% Face value $35,000 Dec 31 Entered adjusting entry for interest ? accrued on note to National Bank 2006 ? Paid note to National Bank at maturity ? Check figure: Interest on Ferris note $148...
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Ch13_P02A - $12,500 Apr 14 Replaced Ferris payable with...

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