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Entries for Notes Payable A business issued a 90-day, 5% note for $95,000 to a creditor on account. Journalize the entries to record (a) the
Entries for Notes Payable A business issued a 90-day, 5% note for $95,000 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. If an amount box does not require an entry, leave it blank. If required, round yours answers to whole dollar. a. Accounts Payable Notes Payable b. Notes Payable Interest Expense Cash 000 00
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