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C.S. Carla Vista Company had the following transactions involving notes payable. July 1, 2022Borrows $59,000 from First National Bank by signing a 9-month, 8% note.
C.S. Carla Vista Company had the following transactions involving notes payable.
July 1, 2022Borrows $59,000 from First National Bank by signing a 9-month, 8% note.
Apr. 1, 2023Pays principal and interest to First National Bank.
prepare journal entries for each transaction.
Only need help with April 1 2023
Notes payable debit 59,000
interest payable debit 2,360
interest expense debit ______
cash credit ______
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