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Take me to the text On May 1, 2019, BAD Bank agreed to lend Bright Enterprises $90,667. To that effect, Bright signed a $90,667, 10-month,
Take me to the text On May 1, 2019, BAD Bank agreed to lend Bright Enterprises $90,667. To that effect, Bright signed a $90,667, 10-month, 9% per annum note. Bright Enterprises has a year-end of December 31. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit, enter the accounts in alphabetical order. Prepare the journal entry for Bright Enterprises: a) On the date the note was signed b) At year-end c) On March 1, 2020 when the note is repaid Date May 1 Dec 31 Mar 1 Cash Account Title and Explanation Notes Payable To record the note payable Interest Expense Interest Payable To record interest payable from note = To record repayment of note and additional interest Debit 90667 816 X Credit 90667
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