Question: Entries for Notes Payable A business issued a 60-day, 5% note for $94,000 to a creditor on account. Journalize the entries to record (a) the

Entries for Notes Payable A business issued a 60-day, 5% note

Entries for Notes Payable A business issued a 60-day, 5% note for $94,000 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. a. Accounts Payable Notes Payable b. Notes Payable Interest Expense Cash

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