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7. A business issued a 120 -day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations.

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7. A business issued a 120 -day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. 7. A business issued a 120 -day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest

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