Question: Problem Two: Notes Payable On September 1, 2022, Hare Today pet-supply store Co, borrowed $9,000 from Gone Tomorrow Bank, signing a 6-month, 4-percent note. Interest
Problem Two: Notes Payable On September 1, 2022, Hare Today pet-supply store Co, borrowed $9,000 from Gone Tomorrow Bank, signing a 6-month, 4-percent note. Interest is to be paid at maturity. Hare Today and Gone Tomorrow both have a December 31 year-end, 1. Record the journal entry for the transaction for Haro Today, the borrower, on September 1, 2022 Date A L SE R NI Account DR CR 9/ 2. Record the appropriate adusting entsy related to the note by Maro Today on December 31, 2022 Date SE NI CF Account DR CR 12/31/22 3. Record the journal entry for the payment of the amount due to Gone Tomorrow at the noto's maturity on March 1, 2023 Date SE NI Account DR CR 1/1/23
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