question archive Instructions On January 1 of 2022, Hebron Company issued a 5231,000, five-year, 9% installment note to Ventsam Bank The note requires annual payments of $59

Instructions On January 1 of 2022, Hebron Company issued a 5231,000, five-year, 9% installment note to Ventsam Bank The note requires annual payments of $59

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Instructions On January 1 of 2022, Hebron Company issued a 5231,000, five-year, 9% installment note to Ventsam Bank The note requires annual payments of $59.331, beginning on December 31 of 2042 Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account the 2012 Jan 1 Issued the nate for cash at its face amount 31 Paid the annual payment on the note, which consisted of interest of 820 780 and principal of 838,506 Dec 2045 Dec 31 Paid the annual payment on the note, which included $9.402 of interest. The remainder of the payment reduced the principal balance on the note. Previous Check My Work 4 more Check My Work uses remaining < 7653 22"F AI ?? CHART OF ACCOUNTS Hebron Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 611 Gain on Redemption of Bonds 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 516 Cash Short and Over 521 Sales Sataries Expense 522 Office Salaries Expense 191 Land 531 Advertising Expense E DA Chart of Accounts 191 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation-ofice Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 252 Discount on Bonds Payable 253 Premium on Bonds Payable 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid-in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-in Capital in Excess of Par-Preferred Stock 331 Paid in Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Journal a Journalize the entries to record the transactions for the year 2012 Refer to the Chart of Accounts for exact wording of account nies PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RER DET CREDIT ASSETS LIABLITIES tour 1 D. Journalize the entries to record the transactions for the year 2015. Refer to the Chart of Accounts for exact wording of account the D. Journalize the entries to record the transactions for the year 2075 Refer to the Chart of Accounts for exact wording of account the MOE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTRO DET CREDIT ASSETS I Previous Next 21 AM Check My Work 4 more Check My Work uses remaining - a 75% 22"F A

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