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GENERAL JOURNAL Account Title Date Debit Cres 124 125 126 127 128) 129 130 131 The Piano Co. borrowed funds to replace its damaged roof

GENERAL JOURNAL Account Title Date Debit Cres 124 125 126 127 128) 129 130 131 The Piano Co. borrowed funds to replace its damaged roof 82 Amount borrowed 120,000 33 Interest rate 5% 34 Term of note 6 months 35 36 S: Prepare the journal entries to record the issuance of the note 8 the accrual of interest at year end 9 the payment of the note on its due date

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