Entries for notes payable Chart of Accounts Journal Instructions A business issued a 45-day, 10% note for $255,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Assume a 360 day year. Refer to the Chart of Accounts for exact wording of account titles. Journal a. Joumalize the entries to record the issuance of the note on January 1. Refer to the Chart of Accounts for exact wording of accounts JOURNAL ACCOUNTING EQUATION REF DEBIT CREDIT ASSETS LIABILITIES EQUITY bu b. Journalize the entries to record the payment of the note at maturity, including interest. Assume a 360-day year and round amounts to the nearest whole dollar. Refer to the Chart of Accounts for exact wording of accounts PAGE 2 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY