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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.
- (a) The note issued on November 1.
- (b) The interest accrual on December 31.
- Indicate the effects of the amounts for the abovetransactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Do not round intermediate calculations.)
Assets = Labilities + Stockholders Equity
a;
b;
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