Journalize the entries to record the payment of the note

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Reference no: EM131881060

Question: 1- A business issued a 30-day, 7% note for $84,000 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 and

(b) the payment of the note at maturity, including interest. Hide For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

Reference no: EM131881060

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