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Trista and Co. Borrowed 370,000 on December 1, 2020, for 90 days at 4% interest by signing a note to buy jewellery invertory. answer the
Trista and Co. Borrowed 370,000 on December 1, 2020, for 90 days at 4% interest by signing a note to buy jewellery invertory. answer the following questions based on that.
Record the following journal entries
A) Record the signing of a 370,000 note payable for 90 days at 4% interest
B) Record the accrued interest at year-end
C) Record the payment of note plus interest
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