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sters calon T LE Tyson Foods include Locator Banprogress=false BI Meet the family be eBook Calculator Notes Payable A business issued a 60-day, 7 note

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sters calon T LE Tyson Foods include Locator Banprogress=false BI Meet the family be eBook Calculator Notes Payable A business issued a 60-day, 7 note for $61,000 to a creditor on account. Thustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. lllustrate the effects on the accounts and financial statements of recording the issuance of the note. Balance Sheet Statement of Cash Flows Assets Lla ties Stockholders' Equity Income Statement Statement of Cash Flows Income Statement b. Tlustrate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest Assume a 700 day year. If required, round interest expense to the nearest whole number Balance Sheet Statement of Cash Flows Assets Llabilities Stockholders' Equity Income Statement Statement of Cash Flows Income Statement 94 PM 11/1/2000

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