On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note
Fantastic news! We've Found the answer you've been seeking!
Question:
On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note requires interest to be paid annually beginning on August 1, 2022 at 12%. Principal and interest are due in annual installments over the next five years.
What's is the journal entry ?
Related Book For
Posted Date: