On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment.
On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment. The loan is to be repaid plus
interest of 10% per year, on December 31, 20X2.
Need Journal entry for Dec 31
On Tuesday March 31, 20X1 the Bravo Company had accrued wages of $2,000. Friday, April 3, Bravo paid employee wages of $5,000 for the week.
Need a Journal entry.
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