Question: Entries for Notes Payable A business issued a 60 day, 5% note for $80,000 to a creditor on account. Journalire the entries to record(a) the

Entries for Notes Payable A business issued a 60 day, 5% note for $80,000 to a creditor on account. Journalire the entries to record(a) the issuance of the note and (b) the payment of the note at maturity, induding 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. b. 180

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