On October 1, Ramos Co. signed a $90,000,60-day note at the bank to be paid...

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Accounting

On October 1, Ramos Co. signed a $90,000,60-day note at the bank to be paid on November 30.(Assume a 360-day year is used for interest computations.)
a. Journalize the entries for October 1 and November 30, assuming the note was discounted at 6%. If an amount box does not require an entry, leave it blank.
Oct. 1
Nov. 30.
f
b. Journalize the entries for October 1 and November 30, assuming the note was interest-bearing at 6%. If an amount box does not require an entry, leave it blank.
Oct. 1
Nov. 30
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