Question: On January 1 2014 LeMay Finn signed a 200 000

On January 1, 2014, LeMay- Finn signed a $ 200,000, five- year, 6% note. The loan required LeMay- Finn to make payments on December 31 of $ 40,000 principal plus interest.

Requirements 1. Journalize the issuance of the note on January 1, 2014. 2. Journalize the first note payment on December 31, 2014.


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  • CreatedJanuary 16, 2015
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