Required information On October 1 of the current year, the company borrowed $25,000 from the local bank on a two-year, 1

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Required Information On October 1 Of The Current Year The Company Borrowed 25 000 From The Local Bank On A Two Year 1 1 (41.51 KiB) Viewed 12 times

Required information On October 1 of the current year, the company borrowed $25,000 from the local bank on a two-year, 10 percent note payable. The principal plus interest is payable at the end of 24 months. Note: Enter debits before credits. Transaction 9. General Journal Interest expense Interest payable Record entry Clear entry Prev 255 Debit of 9 Credit View general journal Next >