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On October 1 201 1 Hanks Co bo o ed S5000 n cash by s g ng a so month 12% note from a local

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On October 1 201 1 Hanks Co bo o ed S5000 n cash by s g ng a so month 12% note from a local bank. The note's face value plus interests due on Apr 202 The October 1. 20X1, journal entry is shown in the general journal below Required: In the journal below, prepare the 12/31/X1 and 4/10X2 journal entries related to this note Note Round all interest calculations to the nearest whole month and dollar, Do not show decimals or cents in numerical responses Date DebitCredit 50,000 0/1X1 Cah Note Payable 50,000 2/3101 4/102 s page Next pag DOLL

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