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Company signed a short term, 1 year, note to borrow $10,000 from cash bank on april 1 2017. The interest on the note was 12%
Company signed a short term, 1 year, note to borrow $10,000 from cash bank on april 1 2017. The interest on the note was 12% per year. The pricipal and interest on the note will be payable on the maturity date of 3/31/2018. What entry should compnay make on 4/1/2017? 12/31/2017 and 3/31/2018
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