10A IM WP I-1 Notes Payable - Prn

10A IM WP I-1 Notes Payable - Prn - 10625 E-0- E Expense,...

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2. Completed Working Papers I-1 and I-2 Apple Blossom Cologne Company I-1 Notes Payable and Accrued Interest 2-2-04 12-31-03 JWP =================================================================================================== Big City Long National Bank Term Interest Notes Payable Short Term Notes Expense =================================================================================================== Balances 12-31-02 125000 E -0- E Additions: Note to Midwestern Mutual Life Ins. Co. dated 8-31-03 due 8-31-10, secured, 10% interest payable 8-31-04 # Y 475000 RC 125000 475000 Payments: 2003 (Voucher 4-38) 125000 PX -0- Balance per client 12-31-03 -0- 475000 Audit adjustments: (TB-BS) (TB-BS) None required Balance per audit -0- 475000 Accrued Interest Balance 12-31-02
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Unformatted text preview: 10625 E-0- E Expense, 2003 Big City National 5313 M Midwestern Mutual 15833 M 21146 15938 15833 (TB-IS) Payments: 2003 (Voucher 4-38) 15938 PX-0-Balance per client 12-31-03-0-15833 Audit adjustments: (TB-BS) (AJE #15) (F-6) 4114 4114 Balance per audit-0-19947 25260 P Examined paid voucher M Recalculated interest X Traced to cash disbursements journal. R Traced to cash receipts journal. E Agreed to prior year's working papers. # Examined client copy of note vouching payee, date of origin, amount, due date, and interest rate. Y Noted proper authorization for borrowing in minutes of Board of Directors' meeting. C Confirmed details and amount by direct confirmation per working paper (I-2)....
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This note was uploaded on 11/01/2011 for the course ACCT 2301 taught by Professor Lewis during the Spring '09 term at Husson.

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