Question: Entries for notes payable A business issued a 90-day, 5% note for $82,000 to a creditor on account. Journalize the entries to record (a) the
Entries for notes payable A business issued a 90-day, 5% note for $82,000 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 days in a year.
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