Question: V. Short-Term Notes Payable-10 Points On January 1, 2019, Boston Flowers, Inc. borrowed $10,000 and signed a note with a 5% annual rate. The principal

V. Short-Term Notes Payable-10 Points On January 1, 2019, Boston Flowers,

V. Short-Term Notes Payable-10 Points On January 1, 2019, Boston Flowers, Inc. borrowed $10,000 and signed a note with a 5% annual rate. The principal plus interest were due in full in nine months. The company uses a calendar year-end of December 31. Required: Assuming the company makes the repayment as agreed, record the necessary journal entries below. Date Account Titles & Explanation Ref. Debits Credits 01.01.19 09.30.19 09.30.19

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