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Chart of Accounts A business issued a 30-day, 7% note for $67,200 to a creditor...

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Accounting

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Chart of Accounts A business issued a 30-day, 7% note for $67,200 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 on Aprl 30 and (b) the payment of the note at maturity, including interest. Refer to the Chart of Accounts for exact wording of account tities. Journalize the entries to record (a) the issuance of the note on April 30 and (b) the payment of the note at maturity, including interest. Refer to the PAGE1 DATE Chart of Accounts A business issued a 30-day, 7% note for $67,200 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 on Aprl 30 and (b) the payment of the note at maturity, including interest. Refer to the Chart of Accounts for exact wording of account tities. Journalize the entries to record (a) the issuance of the note on April 30 and (b) the payment of the note at maturity, including interest. Refer to the PAGE1 DATE

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