Kelly Jones and Tami Crawford borrowed $18,000 on a 7-month, 10% note from Gem S
ID: 2578884 • Letter: K
Question
Kelly Jones and Tami Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their business, JC’s Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018.
Date
Account Titles and Explanation
Debit
Credit
June 1
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Date
Account Titles and Explanation
Debit
Credit
June 30
SHOW LIST OF ACCOUNTS
LINK TO TEXT
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Date
Account Titles and Explanation
Debit
Credit
Jan. 1, 2018
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Kelly Jones and Tami Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their business, JC’s Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018.
Explanation / Answer
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Jun-01 Cash $ 18,000 Note payable $ 18,000Related Questions
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