A business issued a 120-day 6 note for 10000 to a creditor, Ask an Expert

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A business issued a 120-day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record the issuance of the note and (b) the payment of the note at maturity, including interest.ref acounting Debit Credit.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949178

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