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1) Cardinal Company has various liabilities as of December 31 including a note payable, mortgage payable, interest payable, and accounts payable. Only portions of the mortgage payable and interest payable are considered current liabilities. 2) Becky Company borrows $80,000 through a note payable and the journal entries are presented to record the proceeds and accrued interest at year-end. 3) Goodwin Auto Supply records a sales journal entry for a cash register total that includes sales tax. The sales amo
- Author
- Fatima Beena
- Language
- EN