Question: Entries for Notes Payable A business issued a 120-day, 5% note for $98,000 to a creditor on account. Journalize the entries to record (a) the

Entries for Notes Payable A business issued a 120-day, 5% note for $98,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry leave it blank. If required, round your answers to whole dollar

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