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Return to question 12.5 1 points meyoutu. 1. Indicate the accounts, amounts, and effects of the (a) issuance of the note on November 1;
Return to question 12.5 1 points meyoutu. 1. Indicate the accounts, amounts, and effects of the (a) issuance of the note on November 1; (b) impact of the adjusting entry on December 31, 2021; and (c) the payment of the note and interest on April 30, 2022, on the accounting equation. (Do not round intermediate calculations. Enter your answers in whole dollars. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Date a. November 1, 2021 Cash b. December 31, 2021 c. April 30, 2022 Cash * Answer is complete but not entirely correct. Assets Liabilities 7,500,000 Notes Payable (short-term) 7,500,000 + |= Interest Payable 81,250 + Interest E (7,781,250) = Interest Payable (81,250) + Interest E = Notes Payable (short-term) (7,500,000) +
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