Question: Check 6 0.52 points Exercise 8-2A Record notes payable (L08-2) On November 1, 2021, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan.
Check 6 0.52 points Exercise 8-2A Record notes payable (L08-2) On November 1, 2021, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Book Print View transaction list View journal entry worksheet References No General Journal Credit 1 Date November 01, 2021 Cash Notes Payable Debit 49,000 49,000 2 December 31, 2021 Interest Expense Interest Payable 490 490 3 February 01, 2022 Interest Expense Interest Payable Notes Payable
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