Chapter $10$ Homework $($i$)$

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$[$The following information applies to the questions displayed below.$]$

Greener Pastures Corporation borrowed $$1,750,000$ on November $1,2021.$ The note carried a $12$ percent interest rate with the principal and interest payable on June $1,2022.$

$($a$)$ The note issued on November $1.$

$($b$)$ The interest accrual on December $31.$

Indicate the effects of the amounts for the above transactions. $($Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Do not round intermediate calculations.$)$

$\backslash$table$[[,$Assets,$=,$Liabilities,$+,$Stockl$],[($a$),$Cash,$=,,+,],[($b$),$Notes Payable $($long$-$term$),=,,+,]]$