Solution-Prepare coldwells journal entries to record

Prepare coldwells journal entries to record

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Reference no: EM131106091

1. Coldwell, Inc. issued a $100,000, 4-year, 10% notes at face value to Flint Hills Bank on January 1, 2011, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record

(a) The issuance of the note and

(b) The December 31 interest payment.

Reference no: EM131106091

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Prepare coldwells journal entries to record : Coldwell, Inc. issued a $100,000, 4-year, 10% notes at face value to Flint Hills Bank on January 1, 2011, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record

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Prepare coldwells journal entries to record

Reference no: EM131106091

Reference no: EM131106091

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