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Business, 22.04.2020 00:17 ayshajabeenmeox5jrh

On May 1 comma 2019May 1, 2019, JasperJasper Company purchased inventory costing $ 95 comma 000$95,000 by signing aa 66%, nine-month, short-term note payable. JasperJasper will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on November 31 comma 2019November 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.)

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On May 1 comma 2019May 1, 2019, JasperJasper Company purchased inventory costing $ 95 comma 000$95,0...
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