nment/takeAssignmentMain.do?invoker &takeAssignmentSessionl.ocator; assignment-t

Question

nment/takeAssignmentMain.do?invoker &takeAssignmentSessionl.ocator; assignment-take&inprogress; false eBook ?"Show Me How Cakiator Print Item Entries for Discounted Note Payable A business issued a 120-day note for $63,000 to a creditor on account. The note was discounted at 0%. Assure a 260 day yet a. Journalize the entry to record the issuance of the note. If an amount boax does not require an entry, leave it blank. If necessary, round to one decimal place. b. Journalize the entry to record the payment of the note at maturity DELL

Explanation / Answer

a.the issuance of the note Accounts Payable 63000 Note Payable 63000 b. the payment of the note at maturity, including interest. Assume a 360-day year Note payable 63000 Interest expense 1890 Cash 64890 (63000*9%)*120/360

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.