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9. May 31 A company with a fiscal year ending hune om borrow money by sing a $100.000, 120-day note to Be Audit You Can

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9. May 31 A company with a fiscal year ending hune om borrow money by sing a $100.000, 120-day note to Be Audit You Can Be Bank fint: The company is borrowing money from the bank) a. tournalize the interest accrual at hune 30:14 pts) Description/Account Debit Credit illustrate how the above entry will affect the accounting equation (amounts and direction Assets Liabilities Owner's Equity b. Journalize the payment of the note on the due date: (8 pts) Date Description/Account Debit 1 Credit illustrate how the above entry will affect the accounting equation (amounts and direction): Assets Liabilities Owner's Equity Page 9 of 11

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