Ch13_P02B - $120,000 Apr 1 Paid note to First Provincial...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 13-2B Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M5 M1:Q21 General Journal M22 M20:Q60 Given Data T1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
REPORT REFERENCE Schedule M5 Given Data T1 0 0 SPATS Problem 13-2B Chernin Company Schedule Shafai First Provincial Bank of Products Bank Montreal 1. Maturity dates: REPORT REFERENCE General Journal M26 Given Data T1 0 0 SPATS Problem 13-2B Pap Company General Journal Trans. Date Account Titles no. Debit Credit 2005
Background image of page 2
Given Data: Pap Company 2005 Feb 4 Credit purchase from Shafai Products $35,200 Mar 2 Borrowed from First Provincial Bank Term in days 30 Annual interest 14% Amount of note
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $120,000 Apr 1 Paid note to First Provincial Bank ? Apr 5 Paid Shafai Products Cash paid $11,200 Note paid $24,000 Term in days 30 Interest 12% May 5 Paid note Shafai ? Nov 16 Borrowed from First Provincial Bank Term in days 60 Annual interest 10% Amount of note $108,000 Dec 1 Borrowed from Bank of Montreal Term in days 90 Annual interest 15% Face value $150,000 Dec 31 Entered adjusting entry for interest accrued on note to First Provincial Bank Dec 31 Entered adjusting entry for interest accrued on note to Bank of Montreal 2006 Jan 5 Paid note to First Provincial Bank at maturity ? Mar 1 Paid principal and interest on December 1 note to the Bank of Montreal...
View Full Document

Page1 / 3

Ch13_P02B - $120,000 Apr 1 Paid note to First Provincial...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online