PAGE 1 JOURNALACCOUNTING EQUATION Score: 37/37 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Mar. 1 Cash 80,325.00 Interest Expense 675.00 Notes Payable 81,000.00 Points: 7 / 7 b. Journalize the entries to record the payment of the note at maturity. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? PAGE 2 JOURNALACCOUNTING EQUATION Score: 23/25 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Notes Payable 81,000.00 Cash 81,000.00