Question: Cornerstone Exercise 8-20 (Algorithmie) aces Payable Rogers Machinery Company borrowed 5300,000 on June 1, with a month, 7%Interest-bearing note. Required: 1. Record the borrowing transaction

Cornerstone Exercise 8-20 (Algorithmie) aces Payable Rogers Machinery Company borrowed 5300,000 on June 1, with a month, 7%Interest-bearing note. Required: 1. Record the borrowing transaction Jun 1 . (Recordance payable) 2. Record the repayment transaction it an amount tox does not roure an entry leave it blank Round your answers to the nearest dotar, if required. Sest. Ill (Record payment of note and interest)

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