Question: On August 1 , 2 0 2 4 , Teal Mountain Trees signed a seven - month. 1 0 % % $ 4 8 ,

On August

1, 2024,

Teal Mountain Trees signed a seven

-

month.

10 % %

48, 000

note payable with Canada Bapk. Interest is due at maturity. Teal Mountain Trees has a December

31

fiscal year end. Teal Mountain honours the note at maturity

For Teal Mountain Trees, record all transactions related to the note.

(

Oedit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required selact To Entey 'for the account tilles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order mesented in the groblem.

On August 1,2024, Teal Mountain Trees signed a seven-month. 10%% $48,000

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