Question: During 2020, Amalin Co. issued two short-term notes payable, with the following details: Principal Interst rate Note outstanding Note Issuance date NOTE A $15,000 6.65%
During 2020, Amalin Co. issued two short-term notes payable, with the following details: Principal Interst rate Note outstanding Note Issuance date NOTE A $15,000 6.65% 30 days Dec 06, 2020 NOTEB $36,500 9.45% 45 days Nov 28, 2020 If December 31 is the fiscal year end, the journal entry to record the payment of Note B, at due date, will include (round up your calculations to 2 decimals) O A. A debit to Cash, for $36,925.25 OB. A debit to ST Note payable B for $15,000 OC. A debit to Interest payable - ST Note B for $321.30 OD. A credit to Interest expense for 5103,95 Click to select your answer Type here to search ONE O
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