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Required information Problem 8-2B Record notes payable and notes receivable (LO8-2) [The following information applies to the questions displayed below.) Eskimo Joe's, designer of the
Required information Problem 8-2B Record notes payable and notes receivable (LO8-2) [The following information applies to the questions displayed below.) Eskimo Joe's, designer of the world's second best-selling T- shirt (just behind Hard Rock Cafe), borrows $20.2 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 9% promissory note to Stillwater National Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. oblem 8-2B Part 3 Prepare the journal entry on April 30, 2022, to record payment of the tes payable at maturity. (Do not round intermediate calculations. If no try is required for a transaction/event, select "No Journal Entry quired" in the first account field. Enter your answers in dollars, not in llions. For example, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet Record the repayment of the note at maturity for Eskimo Joe's. Note: Enter debits before credits
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