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







Sorry Required information Problem 8-2B 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 $20.1 million cash ort November 1, 2021. Eskimo Joe's signs a six-month, 7% 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. ht ences Problem 8-2B Part 1 Required: 1. Prepare the journal entries on November 1, 2021, to record the issuance of the note. (If 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, $5.5 million should be entered as 5,500,000.) Journai entry worksheet 3 1 2 > Record the issuance of the note to Eskimo Joe's. Note: Enter debits before credits int General Journal Debit Credit Date November 01, 2021 Onces Record entry Clear entry View general Journal Journal entry worksneet 1 of 3 Problem 8-2B Part 3 3. Prepare the journal entry on April 30, 2022, to record payment of the notes payable at maturity. (Do not round intermediate calculations. If 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, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet 2 1 Record the repayment of the note at maturity for Eskimo Joe's Notes Enterdits before credits Debit Credit Date General Journal Journal entry worksheet IN 3 Record the employer-provided fringe benefits. eBook Notel Entor debits before credits eferences Date General Journal Debit Credit January 24 Required information
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