Question: Required information M10-6 (Algo) Recording Notes Payable [LO 10-2] [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,550,000 on

Required information M10-6 (Algo) Recording Notes Payable [LO 10-2] [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,550,000 on

Required information M10-6 (Algo) Recording Notes Payable [LO 10-2] [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,550,000 on November 1, 2021. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2022. (a) The note issued on November 1. (b) The interest accrual on December 31. M10-6 (Algo) Part 1 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Do not round intermediate calculations.) (a) (b) Assets Liabilities Stockholders' Equity + +

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