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You loaned your employee $10,000 at 10% of annual interest rate on November 1, 2019 for three months. The due date for the principal and
You loaned your employee $10,000 at 10% of annual interest rate on November 1, 2019 for three months. The due date for the principal and interest is January 31, 2020. Journalize the transaction on November 1, 2019, December 31, 2019, and January 31, 2020.
November 1, 2019
December 31, 2019
January 31, 2020.
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