Question: help. record 10 month note with interest rate if 9% South End is one of the world's most popular outdoor apparel companies. Assume that South

South End is one of the world's most popular outdoor apparel companies. Assume that South End borrows $2.3 million from US Bank and signs a note promising to pay back the $2,3 million in ten months, at which time South End also will pay any accrued interest. The Interest rate on the note is 9% Required: 1. Prepare the journal entry South End will record when it signs the note and receives the cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (ie. 1,000,000 not 1.0).) 10:32:42 View transaction Mist Journal entry worksheet A > Record the ten-month note with an interest rate of 9%. Note: Enter debits before credits Transaction 01 Credit General Journal Note payable interest payable Interest expense Debit 2,300,000 Record entry Clear entry View general Journal Journal entry worksheet Record the payment of the note along with the accrued interest Note: Enter debits before credits. Transaction General Journal Debit Credit 02 Record entry Clear entry View general Journal
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