(Solution) Assignment for Chapter 11

(Solution) Assignment for Chapter 11 - Interest Payable...

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Assignment for Chapter 11 July 1, 2008 Cash 200,000 Notes Payable 200,000 November 1, 2008 Cash 240,000 Notes Payable 240,000 December 31, 2008 Interest Expense 12,000 ($200,000 X 12% X 6/12) Interest Payable 12,000 Interest Expense 4,000 ($240,000 X 10% X 2/12)
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Unformatted text preview: Interest Payable 4,000 February 1, 2009 Notes Payable 240,000 Interest Payable 4,000 Interest Expense 2,00 Cash 24,600 April 1, 2009 Notes Payable 200,000 Interest Payable 12,000 Interest Expense 6,000 Cash 21,800...
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This note was uploaded on 02/04/2012 for the course ACCT 2111 taught by Professor Eric during the Spring '11 term at CUHK.

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