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Rob judson company had the following transactions

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Reference no: EM131129008

Rob Judson Company had the following transactions involving notes payable.

July 1, 2010 Borrows $50,000 from Third National Bank by signing a 9-month, 12% note.
Nov. 1, 2010 Borrows $60,000 from DeKalb State Bank by signing a 3-month, 10% note.
Dec. 31, 2010 Prepares adjusting entries.
Feb. 1, 20011 Pays principal and interest to DeKalb State Bank
Apr. 1, 20011 Pays principal and interest to Third National Bank

Instructions

Prepare journal entries for each of the transactions. 

Reference no: EM131129008

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