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Required information M10-6 Recording a Note Payable [LO 10-2] [The following information applies to the questions displayed below.) Greener Pastures Corporation borrowed $1,150,000 on November

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Required information M10-6 Recording a Note Payable [LO 10-2] [The following information applies to the questions displayed below.) Greener Pastures Corporation borrowed $1,150,000 on November 1, 2018. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2019. (a) The note issued on November 1. (b) The interest accrual on December 31. M10-6 Part 1 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Do not round intermediate calculations.) Assets Liabilities Stockholders' Equity (b) (a) The note issued on November 1. (b) The interest accrual on December 31. M10-6 Part 2 - Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Greener Pastures Corporation borrowed $1,150,000 on November 1, 2018. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2019. Record the borrowing of $1,150,000. Note: Enter debits before credits. General Journal Debit Credit Date November 01, 2018

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