Greener Pastures Corporation borrowed $1,800,000 on November 1, 2018. The note carried a 8 percent interest rate with the principal and interest payable on June 1, 2019.

1. (a) The note issued on November 1.

2. (b) The interest accrual on December 31.

M10-6 Part 1

1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Do not round intermediate calculations.)

Answer rating: 100% (QA)

a The note issued on November 1 2018 This is the receipt of ... View the full answer