A company borrows $10,000 cash from a bank at 12% annual interest by signing a 60-day note on December 16. The following dashboard shows the company's interest expense for the first year ending December 31, along with the interest expense for the second year.

A company borrows $10,000 cash from a bank at 12% annual interest by signing a 60 -day note on December 16 . The following dashboard shows the company's interest expense for the first year ending December 31 , along with the interest expense for the second year. A company borrows $10,000 cash from a bank at 12% annual interest by signing a 60 -day note on December 16 . The following dashboard shows the company's interest expense for the first year ending December 31 , along with the interest expense for the second year. Enter answers for each of the following tabs. Journal entry worksheet Record the receipt of cash and the company's new liability. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits