Question: A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries for (a) The issuance of the note and

A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries for
(a) The issuance of the note and
(b) The payment of the note at maturity, including interest.

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