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Prepare Journal Entries Without Explanations for the Following Transactions Involving $10,000 \$ 10,000

Question 63

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Prepare journal entries without explanations for the following transactions involving notes payable for Willson Company,whose fiscal year ends September 30.
Sept. 10 Received cash for a 60 -day, 12 percent, $10,000 \$ 10,000 note payable. Interest is in addition to the face value.
30 Made end-of-year adjusting entry to accue interest expense for the note.

Nov. 9 Paid amount due on the note plus interest. Prepare journal entries without explanations for the following transactions involving notes payable for Willson Company,whose fiscal year ends September 30. Sept. 10 Received cash for a 60 -day, 12 percent, \$ 10,000 note payable. Interest is in addition to the face value. 30 Made end-of-year adjusting entry to accue interest expense for the note. Nov. 9 Paid amount due on the note plus interest.

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