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Questlon 2 [16 polnts] On September 1, 2015, Peter's Technology, a geothermal energy supplier, borrowed $8,100,000 cash to fund a geological survey. The loan was
Questlon 2 [16 polnts] On September 1, 2015, Peter's Technology, a geothermal energy supplier, borrowed $8,100,000 cash to fund a geological survey. The loan was made by CC Bank under a noncommitted short-term line of credit arrangement. Peter's Technology issued a 270 day, 9% pom ssory note Interest was payable at maturity and calculated daily Peter's Techno ogy's s 1 p r d is the calendar y ar Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Prepare the journal entry for the issuance of the note by Peter's Technology. Deblt b) Prepare the appropriate adjusting entry for the note by Peter's Technology on December 31, 2015 G1 c) Prepare the journal entry for the payment of the note at naturity on May 29 PR Debit Credit Official Time 18-31 35 SURMIT
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