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Record the note payable transaction of alpha company

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Reference no: EM132551964

Question 1: Record the following note payable transaction of alpha company in the company general journal. Explanations are not required.

2018 Jun. 1 purchased passenger bus costing $86000 by issuing a one year at 6% interest note payable.

dec.31 Accured interest on the note payable.

2019 Jan.01 paid the note payable at maturity.

Reference no: EM132551964

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