problem 1

peoblem two

can i get some help please!!

Entries for Discounted Note Payable A business issued a 60-day note for $36,000 to a creditor on account. The note was discounted at 7%. Assume a 300-day you Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round to ane decimal place a. a. b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank b. b Accounts Payable Cash Interest Revenue Notes Payable Notes Receivable Equipment was acquired at the beginning of the year at a cost of $79,980. The equipment was depreciated using the straight-line method bund on an estimated fe of 6 years and an estimated residual value of $7,740 a. Compute the depreciation expense for the first year. Assuming the equipment was sold at the end of the second year for 560,400, determine the gain or loss on sale of the equipment Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank