Question: Required information Problem 8-28 Record notes payable and notes receivable (L08-2) The following Information applies to the questions displayed below) Eskimo Joe's, designer of the

 Required information Problem 8-28 Record notes payable and notes receivable (L08-2)
The following Information applies to the questions displayed below) Eskimo Joe's, designer

Required information Problem 8-28 Record notes payable and notes receivable (L08-2) The following Information applies to the questions displayed below) Eskimo Joe's, designer of the world's second best-selling T-shirt just behind Hard Rock Cafe, borrows $19.7 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 9% promissory note to Stillwater National Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. Problem 8-28 Part 1 Required: 1. Prepare the journal entries on November 1, 2021, to record the issuance of the note of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions. For example, 55.5 million should be entered as 5,500,000) View transaction lit Journal entry worksheet 1 2 Mecord the not the note to modo Prov 1 2 3 of 6 !! Next > MacBook A 8 E R Z H . View transaction list Journal entry worksheet 1 2 Record the issuance of the note to Eskimo Joe's Note: Enter debits before credits Date General Journal Debit Credit November 01, 2021 Record entry Clear entry View general Journal Die 1 2 3 of 68 Next > MBODIA 6 8 E R T

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