Record the signing of a new 4%, 36-month note payable on 1/01/23 with Seattle Bank (a new vendor) in the amount of $20,000. This was an addition to the existing $100,000 note payable that existed on 12/31/22. A check was received from Seattle Bank and immediately deposited.

Answer rating: 100% (QA)

The significance of the new 4 36month note payable for 20000 with Seattle Bank which wa... View the full answer