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Requlred Information [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,500,000 on November 1, 2021. The note carried a 12
Requlred Information [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,500,000 on November 1, 2021. The note carried a 12 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 . Prepare the journal entries related for the above transactions. (If no entry ls requlred for o tronsoctlon/event, select "No Journal Entry Requlred" In the flrst account fleld. Do not round Intermedlete calculations.) Journal entry worksheet 2 Greener Pastures Corporation borrowed $1,500,000 on November 1, 2021. The note carried a 12 percent interest rate with the principal and interest payable on June 1, 2022. Record the borrowing of $1,500,000. Note: Enter debits before credits. Journal entry worksheet Greener Pastures Corporation borrowed $1,500,000 on November 1, 2021. The note carried a 12 percent interest rate with the principal and interest payable on June 1, 2022. Record the interest accrued on the notes payable. Note: Enter debits before credits
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