Question: Indicate how the note and associated interest would be presented in Griddleys December 31, 2008, balance sheet. . Prepare the necessary journal entry to record

Indicate how the note and associated interest would be presented in Griddley’s December 31, 2008, balance sheet.

. Prepare the necessary journal entry to record the repayment of the note and the last year’s interest on January 31, 2011.

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