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On March 1, Pharoah Health Services Company borrows $76,000 from Blossom County Bank by signing a 6-month, 6%, interest- bearing note. Prepare the necessary entries
On March 1, Pharoah Health Services Company borrows $76,000 from Blossom County Bank by signing a 6-month, 6%, interest- bearing note. Prepare the necessary entries below associated with the note payable on the books of Pharoah. (a) Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation March 1 Debit Credit
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