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none at this time On November 30, ABC corporation borrows $76,000 from the bank by signing a 60 day, 5% note agreement. Round values to

none at this time

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On November 30, ABC corporation borrows $76,000 from the bank by signing a 60 day, 5% note agreement. Round values to 2 decimal places. a) Calculate the maturity date of the note. Select an answer ? b) Calculate the interest that should be accured on this note at December 31st and write the journal entry to record the accrual. Date Description Debit Credit 12/31 to accrue interest on note to bank c) Write the journal entry required on the maturity date of the note assuming ABC corporation pays as agreed. Date Description Debit Credit Maturity Date to record the payment of the note at maturity

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