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On December 31 2016 Jabot purchased $16000 of equipment on a one year 9 percent note payable

On December 31, 2016, Jabot purchased $16,000 of equipment on a one year, 9 percent note payable. Journalize the company s purchase of equipment, the accrual of interest expense on May 31, 2017 (its fiscal year end), and the payment of the note plus interest on December 31, 2017.

Apr 22 2020 View more View Less

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