3. Prepare the journal entry to record payment of the note and interest on the maturity...

Transcribed Image Text:

3. Prepare the journal entry to record payment of the note and interest on the maturity date, April 30, 2021, assuming that interest has not been recorded since December 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 Record the payment of the note and interest on the maturity date, April 30, 2021, assuming that interest has not been recorded since December 31, 2020. Note: Enter debits before credits. Date General Journal Debit Credit April 30, 2021 Note payable Interest payable Interest expense Cash Record entry Clear entry View general journal 3. Prepare the journal entry to record payment of the note and interest on the maturity date, April 30, 2021, assuming that interest has not been recorded since December 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 Record the payment of the note and interest on the maturity date, April 30, 2021, assuming that interest has not been recorded since December 31, 2020. Note: Enter debits before credits. Date General Journal Debit Credit April 30, 2021 Note payable Interest payable Interest expense Cash Record entry Clear entry View general journal