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Please help solve all parts of the equation A business issued a 120-day, 6% note for $9,000 to a creditor on account. The company uses
Please help solve all parts of the equation
A business issued a 120-day, 6% note for $9,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. If an amount box does not require an entry, leave it blank or enter 0. When required, round your answers to the nearest dollar. a. Accounts Payable 9,000 Notes Payable 9,000 b. Notes Payable 9,000 Interest Expense Cash XStep by Step Solution
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