Calculator Print Item Notes Payable A business issued a 180-day, 6% note for $40,000 to a creditor for an accounts payable. Illustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Illustrate the effects on the accounts and financial statements of recording the issuance of the note. Balance Sheet Assets Liabilities + Stockholders' Equity Statement of Cash Flows Income Statement b. Illustrate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest. Assume a 360-day year IF required, round interest expense to the nearest whole number. Balance Sheet Assets Liabilities + Stockholders' Equity Check My Work more Check My Work was coming Previous Next > Balance Sheet Stockholders' Assets Liabilities Equity dropdown Statement of Cash Flows Income Statement b. Illustrate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest. Assume a 360-day year. If