ignore the pencil

Q 3: 1.5 points each blank, 12 points total) CH.11 Free Ski Corporation issues a 120 day, 6% note (APR) for $20,000 to a creditor on account. The company uses a 360 -day year for interest calculations. Journalize the entries to record (a) issuance of the note and (b) the payment of the note at maturity, including interest. (Use Accounts Payable, Notes Payable, Interest Expense, and Cash when appropriate) a. Payable Dr 20,000 Notes Payable Cr20,000 b. \begin{tabular}{ll} lilrestexpenseaccourydoyable & Drzo,000 \\ Cash & Dr. \\ \hline Cr21,200 \end{tabular}