Question: Homework Chapter 10 eBook Show Me How Entries for Notes Payable A business issued a 60-day, 5% note for $86,000 to a creditor on account.

Homework Chapter 10 eBook Show Me How Entries for Notes Payable A business issued a 60-day, 5% note for $86,000 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 yours answers to whole dollar.

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