A business issued a 120-day 6 note for 10000 to a creditor

Reference no: EM13571601

A business issued a 120-day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record the issuance of the note and (b) the payment of the note at maturity, including interest.ref acounting Debit Credit.

Reference no: EM13571601

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