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On October 1, 2020, Waterway Company issued a $105000, 8%, nine-month interest-bearing note. Assuming interest was accrued in June 30, 2021, the entry to record
On October 1, 2020, Waterway Company issued a $105000, 8%, nine-month interest-bearing note. Assuming interest was accrued in June 30, 2021, the entry to record the payment of the note on July 1, 2021. will include a: O credit to Cash of $105000. O debit to Interest Payable of $6300. O debit to Interest Expense of $2100. O debit to Notes Payable of $111300
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