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asap Question 3 [8 points) XYZ Corporation has a $77,000 note payable that requires interest to be paid on the 10th of the month. The
asap
Question 3 [8 points) XYZ Corporation has a $77,000 note payable that requires interest to be paid on the 10th of the month. The interest was last paid on June 10 and the next payment is due on July 10. Interest accrues at the rate of $140 per day. Fill in the journal below to reflect a. The accrued adjustment on June 30. b. The subsequent interest payment on July 10. Enter the transaction letter (a) or (b) as the description. Dates must be entered in the format dd/mmm (ie. 15/Jan.). General Journal Account/Explanation Page GJ8 F Debit Credit Date + 0
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