Copperfield and Company issued a 90-day, 6.00% note for $200,000 to a creditor on account. The previous clerk entered the following journal entries to record the note on July 10, and the payment of the note at maturity.

JOURNAL ACCOUNTING EQUATION

DATE: DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

Jul. 10 Accounts Payable 200,000.00

Notes Payable 200,000.00

Notes Payable 212,000.00

Accounts Payable 200,000.00

Interest Expense 12,000.00

You notice that the journal entry for recording the note on July 10 is correct, but the entry for the payment of the note at maturity (including interest) did not have a date and was not correct.

Journalize the payment of the note at maturity as it should have been journalized. Don't forget to include the date. Assume a 360-day year.

question: Complete the journal below.

JOURNAL ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1.

2.

3.