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Prepare the journal entries to record the mortgage loan and the first two installment payments. ............ P10-1A: On January 1, 2014, the ledger of Shumway Company contains the following liability accounts. ............ a) Journalize the January transactions............ b) Journalize the adjusting entries at January 31 for the outstanding notes payable. (Hint: Use one-third of a month for the DeKalb Bank note.) ............ c) Prepare the current liabilities section of the balance sheet at January 31, 2014. Assume no change in accounts payable. ............ ============================================== ACC 557 Week 7 Chapter 9 and Chapter 10 Quiz (all possible questions) FOR MORE CLASSES VISIT www.acc557tutor.com ACC 557 Week 7 Chapter 9 Quiz (all possible questions) This Tutorial contains All possible Questions from this chapter (it contains more than 200 questions set) SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF THOSE 200 QUESTIONS 1- Multiple Choice Question 214