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Nova Corporation hired a new product manager and agreed to provide her a $21,000 relocation loan on a six-month, 6 percent note. a. The company

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Nova Corporation hired a new product manager and agreed to provide her a $21,000 relocation loan on a six-month, 6 percent note. a. The company loans the money on January 1. b. The new employee pays Nova the interest owed on the maturity date. c. The new employee pays Nova the full principal owed on the maturity date. View transaction list Journal entry worksheet 2 3 The company loans the money on January 1. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal

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