Right foot shoes issued a two-year 46000 interest-bearing

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Right Foot Shoes issued a two-year, $46,000 interest-bearing note on January 1, 2008, in exchange for new equipment. Interest accrues at 6.3 percent annually but is not paid until maturity.Record the journal entries and accounting equation effects.

Reference no: EM13576242

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Right foot shoes issued a two-year 46000 interest-bearing : right foot shoes issued a two-year 46000 interest-bearing note on january 1 2008 in exchange for new equipment.

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