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Required information M10-6 (Static) Recording Notes Payable [LO 10-2] [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,000,000 on November
Required information M10-6 (Static) Recording Notes Payable [LO 10-2] [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,000,000 on November 1, 2021. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2022. (a) The note issued on November 1. (b) The interest accrual on December 31. 110-6 (Static) Part 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.)
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