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A $75,000 note payable is signed on July 8 and is due in 60 days. The interest rate on the note is 4.5%. What is
A $75,000 note payable is signed on July 8 and is due in 60 days. The interest rate on the note is 4.5%. What is the maturity date of this note and what journal entry would be made to pay the note off on the maturity date? (Round your answers to the nearest whole cent.) Credit Date Account Titles Sept7 Notes Payable Interest Expense Cash Debit 75,000.00 562.50 75,562.50 The maturity date is September 7th. Account Titles Debit Credit Date Sept 6 Notes Payable 75,000.00 Cash 75,000.00 The maturity date is September 6th. Credit Date Account Titles Sept 6 Notes Payable Debit 75.562.50 Cash 75,562.50 The maturity date is September 6th. The maturity date is September 6th. Credit Date Account Titles Sept 6 Notes Payable Interest Expense Cash Debit 75,000.00 562.50 75,562.50 The maturity date is September 6th. Credit Date Account Titles Sept7 Notes Payable Debit 75,562.50 Cash 75,562.50 The maturity date is September 7th
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