Business, 13.02.2020 04:24 mdbar321

On February 1, Armstrong, Inc., borrowed $200,000 cash from First Bank under a noncommitted short-term line of credit arrangement and issued a three-month, 12% promissory note. Prepare the appropriate journal entry dated May 1 for the payment of principal and interest made at maturity

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On February 1, Armstrong, Inc., borrowed $200,000 cash from First Bank under a noncommitted short-te...

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