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Entries for Notes Payable A business issued a 45-day, 6% note for $80,000 to a creditor on account. Journalize the entries to record (a) the
Entries for Notes Payable A business issued a 45-day, 6% note for $80,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. Hide For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". a. Accounts Payable _______________________ Notes Payable ______________________ b. Notes Payable ______________________ ____________0___________ Interest Expense ______________________ ____________0___________ Cash __________0___________ ________________________
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