Knowledge Check 01 Android Products, Inc., agreed to accept a $1.000, one year 10 percent...
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Knowledge Check 01 Android Products, Inc., agreed to accept a $1.000, one year 10 percent note from C. Mate. On its maturity date of December 16, Mate honors the note by making a payment of $1,100. That payment consisted of the principal of $1,000 plus interest in the amount of $100 (computed as $1,000 X 10%). Prepare the necessary December 16 entry for Android by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns View transaction ist Journal entry worksheet Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16, Mate honors the note by making a payment of $1,100. That payment consisted of the principal of $1,000 plus interest in the amount of $100 (computed as $1,000 x 10%). Noter Enter debits before credits General Journal Debit Credit Date Dec 10
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