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Prepare the Journal entry for Williams Industrial to record the following questions below. Question 2 On November 16, 2015, Williams Industrial gave Phillip Co. a

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Prepare the Journal entry for Williams Industrial to record the following questions below.

Question 2 On November 16, 2015, Williams Industrial gave Phillip Co. a 90-day, 8%, $80,000 note payable to following: extend a past due account payable. Prepare the journal entry for Williams Industrial to record the a) Initial Note Payable on November16th b) All necessary adjusting entries for Williams Industrial's December 31 year end c) Payment of the note PR ebit redi

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