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A business issued a 60-day note for $84,000 to a creditor on account. The note was discounted at o Journalire the entries to record (a)
A business issued a 60-day note for $84,000 to a creditor on account. The note was discounted at o Journalire the entries to record (a) the issuance of the note and (the payment of the note at maunty Assume a 360 day year. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar a. Joumalize the entries to record the issuance of the note on Macht. Meter 30 the Chart of Accounts for exact wording of account is. Round your answers to nearest stole dotter PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCEPTION POST, BET CREDIT TS LIANTES + EQUITY 2 3 b. Joumalize the entries to record the payment of the note at matunty Assume a 360-dwy your Refer to the Chart of Accounts for exact wording of accounties ME JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. RET DERIT CREDIT AUCTS LITIES QUITY 2
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