Question: NEED ANSWER ASAP 1: Iw Question 3 (10 points) The following note transactions occurred during the year for Zuber Company: Nov. 20 Zuber issued a
1: Iw Question 3 (10 points) The following note transactions occurred during the year for Zuber Company: Nov. 20 Zuber issued a 90-day, 12% note payable for $6,000 to Porter Company for merchandise. Dec. 8 Zuber signed a 120-day, 10% note at the bank for $7,200. a. Prepare the journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar. Enter the answers with a comma and no decimals or dollar signs in the proper debit or credit side. Nov 20 Interest Expense Interest Payable Dec 8 Interest Expense Interest Payable
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