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General Journal Date Account Title and Description Ref. Debit Credit 20X0 July 1 Equipment 10,000 Notes Payable 10,000 To finance purchase of equipment Sept. 30 Interest Expense ($10,000 × 10% × 3 /
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Unformatted text preview: 12 ) 250 Interest Payable 250 To accrue 3rd quarter interest Oct. 1 Interest Payable 250 Cash 250 To pay interest Interest Payable 250 To accrue 4th quarter interest...
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This note was uploaded on 12/25/2011 for the course FIN 3312 taught by Professor Staff during the Spring '08 term at Texas State.

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