Business, 05.05.2020 19:24 rhettperkins

On April 1, Wildhorse Company borrows $120,000 from West Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Wildhorse Company. (a) Prepare the entry on April 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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On April 1, Wildhorse Company borrows $120,000 from West Bank by signing a 6-month, 6%, interest-bea...