- On May 2 Metlock Company Lends 8 900 To Chang Inc Issuing A 6 Month 8 Note At The November 2 Maturity Date Cha 1 (34.64 KiB) Viewed 19 times
On May 2, Metlock Company lends $8,900 to Chang, Inc., issuing a 6-month, 8% note. At the November 2, maturity date, Cha
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On May 2, Metlock Company lends $8,900 to Chang, Inc., issuing a 6-month, 8% note. At the November 2, maturity date, Cha
On May 2, Metlock Company lends $8,900 to Chang, Inc., issuing a 6-month, 8% note. At the November 2, maturity date, Chang indicates that it cannot pay. Parts b and care independent assumptions. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Dom indent manually.) Date Account Titles and Explanation Debit Credit May 2