a) Record the journal entry on September 1

b) record a journal entry at the time of payment with interest cculation

C D E F A G 1 2. 4 5 The Holtby Company purchased product from the Fleury Company in exchange for a $6,000 notes payable on September 1, 20x1. The note is to paid in 90 days with an interest rate of 10%. Assume a 360-day year. REQUIRED A) Record the journal entry on September 1, 20x1. B) Record the journal entry at the time of payment (assume the note is paid in full on the appropriate date). 7 8 Date Debit Account Title 9 Credit 10 11 12 13 14 15 16 Interest Calculation Note Amount # of days # of days in Year Interest Percent Interest Payment #DIV/0