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A business issued a 45 -day, 4% note for $260,000 to a creditor on account....

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Accounting

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A business issued a 45 -day, 4% note for $260,000 to a creditor on account. Required: Joumalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines foryournal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on November 19 , it issued for cash 17,040 shares of preferred stock, $50 par at $53. Required: a. Journalize the entries for October 31 and November 19. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19

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