yon Company has a Ders a. Record these transactions in general journal form. b. Record...
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yon Company has a Ders a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Lyon Com ber 31 year-end. 10-2A. Adjusting Entries for Interest At December 31, 2017, Eric Corporation had outstanding (notes 1 and 2). At December 31, 2018, Eric also had two notes (notes 3 and 4). These notes are described below: had two besports o notes payable outstan Date of Note Principal Amount Interest Rate Rate Numh Number of Day 11/16/2017 12/4/2017 December 31, 2017 Note 1......... Note 2......... December 31, 2018 Note 3................ Note 4................. $30,000 16,000 ............. 12/7/2018 12/21/2018 9,000 18,000 Required a. Prepare the adjusting entries for interest at December 31, 2017. b. Assume that the adjusting entries were made at December 31, 2017. Prepare the 2018 joumal entries to record payment of the notes that were outstanding at December 31, 2017 c. Prepare the adjusting entries for interest at December 31, 2018. 3A. Recording Payroll and Payroll Taxes Ruth Corporation had the following payroll for April: $36,000 Officers' salaries....... Sales salaries.......... 67,000 1900
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