A business issued a 120-day, 6% note for $16,200 to a creditor on account. The...
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Accounting
A business issued a 120-day, 6% note for $16,200 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest.
If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.
| a. | fill in the blank 2 | fill in the blank 3 | |
| fill in the blank 5 | fill in the blank 6 | ||
| b. | fill in the blank 8 | fill in the blank 9 | |
| fill in the blank 11 | fill in the blank 12 | ||
| fill in the blank 14 | fill in the blank 15 |
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