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Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 6% note for $235,000 to a creditor on account
Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 6% note for $235,000 to a creditor on account Required: Joumalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest Rafer to the chart of accounts for the exact wording of the account titles CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumats will automatically indent a credit entry when a credit amount is entered
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