(Answered) A business issued a 45-day 4 note for 180000 to a creditor

Accounting

A business issued a 45-day, 4% note for $180,000 to a creditor on account.

Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest.

Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles.

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