a business issued a 90-day, 15% note for $81,000 to a creditor on account. Jounralize the entroes to record (a) the issuance of the note and (b) the pagment of the note ar maturity, including interest. Assume a 360-day year.

If an amount box does not require an entry, leave it blank. If required, round yours answers to whole dollar.

w ww On allont. Journalize the entries to record (a) the issuance of day year. fan amount box does not require an entry, leave it blank. If required, round yours answers to whole dollar. 81,000 Accounts Payable Notes Payable 81,000 b. Notes Payable Interest Expense Cash Feedback Check My Work Why is the company issuing the note? What type of note is being issued interest-bearing or discounted)? How much will the On the maturity date, the debtor must repay the face amount of the note, plus interest. Interest is computed by multiplying th