Exercise 08.06 – Rocky Mountain Adventures

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Record the appropriate entries for the notes payable and interest.

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  • Search Terms: $ % , . . january a adventures. agreement agreement. amount and annually any, appropriate approval. arrange at available bank banks be can credit december ends entries, e– february first fiscal following if interest is january liabilities line loan maturity. may maturity. required: may million mountain mountain’s negotiate note of on pay payable prime rate rate. february record relate renewed revolving rocky selected that the three-month to transactions under upon with year
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