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all fhe helo would be appreciated its due at 12 January 1, 2024, Sisek Company borrowed $886,000 with a 10 year, 9.75% note, interest payable
all fhe helo would be appreciated its due at 12
January 1, 2024, Sisek Company borrowed $886,000 with a 10 year, 9.75% note, interest payable sernannually on 3 une 30 and December 31 , Cash in the amount of 878,800 was received when the note was issued. equired: 1. Prepare the necessary journal entry at January 1,2024, If an amount box does not require an entry, leave it blank. 2024Jai 2. Prepore the necessary journal entry at June 30,2024 . If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar. 2024 June 3. Prepare the necessary journal entry at December 31, 2024. If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar. 4. Determine the corrying amount of this note at the end of the fifth year (December 31,2028 ) Step by Step Solution
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