Brief Exercise 8-4 (Algo) Record commercial paper (LO8-2) On April 1, Online Travel issues $12.6 million...

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Brief Exercise 8-4 (Algo) Record commercial paper (LO8-2) On April 1, Online Travel issues $12.6 million of commercial paper with a maturity on December 31 and a 8% interest rate. Record the issuance of the commercial paper and its repayment at maturity. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 2 Record the repayment of commercial paper. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Notes Payable Commercial Paper Interest Expense 12.600,000 Cash Brief Exercise 8-4 (Algo) Record commercial paper (LO8-2) On April 1, Online Travel issues $12.6 million of commercial paper with a maturity on December 31 and a 8% interest rate. Record the issuance of the commercial paper and its repayment at maturity. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 2 Record the repayment of commercial paper. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Notes Payable Commercial Paper Interest Expense 12.600,000 Cash