Question: Date is March 1st A business issued a 60-day note for $96,000 to a creditor on account. The note was discounted at 9%. Joumalize the

Date is March 1st Date is March 1st A business issued a 60-day note for $96,000

A business issued a 60-day note for $96,000 to a creditor on account. The note was discounted at 9%. Joumalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar

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