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company issued a two-year $10,000 note w tated interest rate of 6% on January 1, 2020. he prevailing market rate is 5%. The journal t
company issued a two-year $10,000 note w tated interest rate of 6% on January 1, 2020. he prevailing market rate is 5%. The journal t etire the note on December 31, 2021 includes Debit to Note Payable for 10,000 and credit to cash for 10,000 Debit to Note Payable for 9,817 and credit to cash for 9,817 Debit to Note Payable for 10,186 and credit to cash for 10,186 Debit to Note Payable for 11,200 and credit to cash for 11,200
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