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Grim Brothers Bank agrees to lend Woll Bric Company. 5500,000 on January 1. Wolf Brick Company signs a $500,000, 6, 9 monthnote. The entry made
Grim Brothers Bank agrees to lend Woll Bric Company. 5500,000 on January 1. Wolf Brick Company signs a $500,000, 6, 9 monthnote. The entry made by Wolf Brick Company on January to record the proceeds and issuance of the notes 22.500 Debit Interest Expense Oa Debit Cash Crede Notes Payab 500.000 22.500 Debit interest Expense . Debit Cash Cred Notes Payable Debit Cash Credit Notes Payable Debit interest Expense 22.500 a Debit Cash 500.000 Credit Credit Notes Payable Interest Payable 22.500
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