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Journalize Cosimo Enterprises entries to record issuance

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Reference no: EM132795117

Problem - Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory.

a. Journalize Cosimo Enterprises' entries to record:

1. the issuance of the note.

2. the payment of the note at maturity.

b. Journalize Cosimo Enterprises' entries to record:

1. the issuance of the note.

2. the receipt of the payment of the note at maturity.

Reference no: EM132795117

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