journal

Required information Short term notes payable are current liabilities, most bear interest. When a short term nole's face value equals the amount borrowed, it identifies a rate of interest to be paid at maturity. Knowledge Check 01 On September 1, Vicario, Inc, borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Note: Enter debits before credits General Journal Debit Date Credit Sept. 1