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The following information applies to the questions displeyed below) Greener Pastures Corporation borrowed $1,150.000 on November 1, 2015. The note Interest rate with the principel
The following information applies to the questions displeyed below) Greener Pastures Corporation borrowed $1,150.000 on November 1, 2015. The note Interest rate with the principel and interest peyable on June 1, 2016. (a) The note Issued on November 1 (b) The interest accrual on December 31. Section Break M10-6 Recording a Note Peyabl LO 10 2] 0.52 points M10-6 Part 1 1. Indicate the efects of the amounts for the above transactions. (Enter any decreases balances with a minus sign. Do not round intermediate calculations.) Assets Liabilities M10-6 Part 2 2. Prepare the joumal entries related for the above transactions. (If no entry is roquired for al transactionlevent, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Greener Pastures Corporation borrowed $1,150,000 on November 1, 2015 The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. Record the borrowing of $1,150,000. Note: Enter debits before credits. Date General Journal bilt Credit November 01 2015 Record entry Clear entry View general journal References eBook & Resources Dimiculity 1 Easy General Journal M10-6 Part 2 2. Prepare the joumal entries related for the above transactions. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Greener Pastures Corporation borrowed $1,150,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. Record the interest accrued on the notes payable. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2015 Record entry Clear entry View general journal References eBook & Resources General Journal Difficulty: 1 Easy
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