This preview shows page 1. Sign up to view the full content.
Unformatted text preview: (b) Prepare the appropriate journal entry to record the year-end discount amortization on December 31, 20X7. (c) Prepare the appropriate journal entry to record the payment of the note on March 31, 20X8. (d) What was the actual rate of interest on this loan?...
View Full Document
This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11