Record the note on November 1, 2015. Interest on the maturity date, April 39, 2016...
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Record the note on November 1, 2015. Interest on the maturity date, April 39, 2016 assuming the interest has not been recorded since December 31, 2015. Promissory note matures in 6 months. Im stuck at my journal entry Record the repayment of the note interest on the maturity date. Note payable 6000,000 Interest payable 80,000 Interest expense ? 6 months. I have 240,000 Cash. 6320000
Im stuck at my journal entry
Record the repayment of the note interest on the maturity date.
Note payable 6000,000
Interest payable 80,000
Interest expense ? 6 months. I have 240,000
Cash. 6320000
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