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Greener Pastures Corporation borrowed $1,800,000 on November 1, 2018. The note carried a 8 percent interest rate with the principal and interest payable on June

Greener Pastures Corporation borrowed $1,800,000 on November 1, 2018. The note carried a 8 percent interest rate with the principal and interest payable on June 1, 2019.

  1. (a) The note issued on November 1.
  2. (b) The interest accrual on December 31.

Asssets = Liabilties + Stockholders Equity

A:

B:

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