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On June 22, Hernandez Company received a $6,900, 30-day, 4% note from Brooks in payment of its account. On July 22, Brooks paid its note
On June 22, Hernandez Company received a $6,900, 30-day, 4% note from Brooks in payment of its account. On July 22, Brooks paid its note in full, including interest Required Prepare the journal entries for Hernandez Company on June 22 and July 22 Note. To simplify the arithmetic in the problem, use 360 days for the number of days in a year Date Account Title Debit Credit Clear Undo
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