x.Hm Solution x.Hze=\"2\">Jan 2 Merchandise Inventory 29,340 Account Payable 29,

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x.Hze="2">Jan 2      Merchandise Inventory         29,340                        Account Payable                         29,340 Feb 1     Account Payable                  29,340                       Bond Payable                               29,340 Mar 31   Interest Expense                      342                       Interest Payable                               342 ($29,340 * 7% * 2/12) Apr 1    Interest Payable                         342              Bond Payable                        29,340                         Cash                                            29,682 July 1   Equipment                              52,540                    Cash                                                 12,050                    Bond Payable                                    40,490 Sept 30 Interest Expense                      1,012                       Interest Payable                               1,012 ($40,490 * 10% * 3/12 = 1,012.25) Oct 1    Interest Payable                       1,012              Bond Payable                        40,490                         Cash                                            41,502 Dec 1    Cash                                     14,120                       Bond Payable                                14,120 Mar 31   Interest Expense                         82                       Interest Payable                                    82 ($14,120 * 7% * 1/12) Notes Payable 04/01/10 29340 02/01/10 29340 10/01/10 40490 07/01/10 40490 12/01/10 14120 12/31 Bal 14120 Interest Payable

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