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will upvote if correct! Wang Corporation issued $19...

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Accounting

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Wang Corporation issued $19 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at a 6% discount rate. Prepare the journal entry for the issuance of the commercial paper and its repayment at maturity. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record the interest expense on the note at maturity. Note: Enter debits before credits. Journal entry worksheet 1 Note: Enter debits before credits. Journal entry worksheet Record the issuance of the commercial paper. Note: Enter debits before credits

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