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Included in Carville Corp.'s December 31, 2023 trial balance is a note payable of $20,000. The note is an eight-month, 12% note dated October 1,

Included in Carville Corp.'s December 31, 2023 trial balance is a note payable of $20,000. The note is an eight-month, 12% note dated October 1, 2023. Prepare Carville's December 31, 2023 adjusting entry to record the accrued interest, and June 1, 2024 journal entry to record payment of principal and interest due to the lender 11:59 AM
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Included in Carville Corp.'s December 31, 2023 trial balance is a note payable of $20,000. The note is an eight-month, 12% note dated October 1, 2023. Prepare Carville's December 31, 2023 adjusting entry to record the accrued interest, and June 1, 2024 journal entry to record payment of principal and interest due to the lender

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