Record journal entries on feb one and sept thirty
Problem
On Feb 1, 2022, X Logistics purchased inventory $16,230 by issuing a 8-month notes payable at interest rate of 10%. It is payable on Sept 30, 2022 with interest. Record journal entries on Feb 1 & Sept 30.
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On Feb 1, 2022, X Logistics purchased inventory $16,230 by issuing a 8-month notes payable at interest rate of 10%. Record journal entries on Feb 1 & Sept 30.
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