iew Policies urrent Attempt in Progress On June 1,2024, Oriole Company purchases equipment on...

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Accounting

iew Policies
urrent Attempt in Progress
On June 1,2024, Oriole Company purchases equipment on account from Moleski Manufacturers for $54,000. Oriole is unable to pa
its account on July 1,2024, so Moleski agrees to accept a three-month, 6% note payable from Oriole. Interest is payable the first of
each month, starting August 1,2024. Oriole has an August 31 fiscal year end and adjusts its accounts on an annual basis.
Record all transactions related to the note for Oriole Company. (Credit account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entrie
before credit entries. Round answers to 0 decimal places, e.g.5,275. Record journal entries in the order presented in the problem.)
Date
Account Titles
Debit
Credit
2024
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