Journalize and Post Note Transactions. See attached file for full problem description.© BrainMass Inc. brainmass.com June 3, 2020, 7:38 pm ad1c9bdddf
Please see help on your posting as given below. Same is attached as Excel file. Statements are provided along with formulas sheet for clarity and easy reference. Hope this helps you. For any further clarification feel free to get in touch.
In the books of Talley Company Journal entries
Date Particulars Debit Credit
2-Jan Purchase 20000
Jones Company 20000
Merchandise purchased on credit
1-Feb Jones Company 20000
Notes payable 20000
Note payable ...
The solution contains journal entries and T accounts,