A business issued a 30day,7% note for $50,400 to a credifor on account. The company uses a 360 -day year for interest calculations. Required: Joumalize the entries to record (a) the issuance of the note on Apm 30 and (P) the payment of the note at maturify, inchuding interest on May 30 Refer to the Chart of Accounts for exact wording of account tites Inntruction Chait of Acootnts Ceneral Jotrnal Chart Of Accounts Assets 110 Cash 111 Accounts Recelvable 112 Imterest Recoivatie 113 Notes Receivable 115 inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Eulding 124. Accumulaled Depreciation-Bulding 125 Omice Equipment 120 Accumulated Deprectition-Otlice Equipenent LIABILITES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Salaries Payable 216 social Securty Tax Payabie 217 Medicare Tax Payable 216 Employet Federal incorne Fax Payabin REVENuE 410 Sales 010 interest Rovenue EXPENSES 510 Coet of Goods Soid 520 Salaries Expense. 525 Delivery Expense 526 Repairs Expense 531 Rent Expense 533 insurance Expense 534 Supplies Expense s35 Payol Tax Expense 536 Vacation Pay Expense 530 Cash Short and oJer 539 Product Warranty Expense 64) Depreciason Expense-Buhding 542. Depreciaton Expense-Othon Equipment 800 Miscelianeous Expense 710 interest Expense A bushess issued a 120day,4% note for $275,000 to a creditor on accoun. Joumalize the entries to record ( ) the issuance of the note and ( (D) the poyment of the note at maturity, including interest Astume a s60-day year and round amounts fo the nearpst whole dollar. Aefer to the Chart of Accounts for exact wording of account tibes