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Question 2 (2.5 points) 13. On November 1, Mcgonagall borrowed from Dumbledore, giving him a $6,000, 3 month, 9% note, interest payable at maturity. Mcgonagall
Question 2 (2.5 points) 13. On November 1, Mcgonagall borrowed from Dumbledore, giving him a $6,000, 3 month, 9% note, interest payable at maturity. Mcgonagall made no entry after November 1. On December 31, the end of the accounting period, what entry would Mcgonagall make? 90 90 Interest Expense Interest Payable Interest Payable Discount on Note Payable 90 901 135 135 Interest Expense Interest Payable Interest Expense Cash 90 90
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