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A business issued a 45 -day note for $87,000 to a creditor on account. The note was discounted at 7%. Required: Joumalize the entries fo

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A business issued a 45 -day note for $87,000 to a creditor on account. The note was discounted at 7%. Required: Joumalize the entries fo recond (a) the issuance of the note on March f and (b) the payment of the note at matunity. Fefer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every ine on a jouma/ page is used for debit or credit entries. CNOW journals will automabically indent a credit entry when a credif amount is entered, Assume a Se0-day yoak. Alound your answers to nearest whole dollar. 360-day year: Round your anawers to nearest whole doller. 360day year. Round your antwers to nearest whole doltar

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