Question: Note Computations and Entries ( Straight Line ) On January 1 , 2 0 2 4 , Sisek Company borrowed $ 8 4 3 ,

Note Computations and Entries (Straight Line)
On January 1,2024, Sisek Company borrowed $843,000 with a 10-year, 9.75% note, interest payable semiannually on June 30 and December 31. Cash in the amount of $835,800 was received when the note was issued.
Required:
Question Content Area
1. Prepare the necessary journal entry at January 1,2024. If an amount box does not require an entry, leave it blank.

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