Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30.
(Assume a 360-day year is used for interest calculations.)
Aug. 1 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30.
Sept. 1 Winston Co. issued a 90-day, 6% note for $75,000 on account.
Nov. 30Winston Co. paid the amount due.

Question

Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. 
(Assume a 360-day year is used for interest calculations.)
Aug. 1 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30.
Sept. 1 Winston Co. issued a 90-day, 6% note for $75,000 on account. 
Nov. 30Winston Co. paid the amount due.

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The Answer of Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. 
(Assume a 360-day year is used for interest calculations.)
Aug. 1 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30.
Sept. 1 Winston Co. issued a 90-day, 6% note for $75,000 on account. 
Nov. 30Winston Co. paid the amount due.

Journalize the Following Entries on the Books of Winston Co