Question
On November 1, 2021, Dual Systems borrows $110.000 to expand operations. Dual Systems signs a six-month, 8% promissory note. Interest is payable at maturity Dual
On November 1, 2021, Dual Systems borrows $110.000 to expand operations. Dual Systems signs a six-month, 8% promissory note. Interest is payable at maturity Dual System's year-end is December 31 1., 2. & 3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 Record the payment of the note by Dual Systems at maturity on April 30, 2022. Note: Enter debits before credits. Date Apr 30, 2022 General Journal Debit Credit >
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