=+EX 11-4 Entries for notes payable obj. 1 A business issued a 60-day note for $45,000 to

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=+EX 11-4 Entries for notes payable obj. 1 A business issued a 60-day note for $45,000 to a creditor on account. The note was discounted at 6%. Journalize the entries to record

(a) the issuance of the note and

(b) the payment of the note at maturity.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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