55,110,929 in cash; debit
55,110,929 in credit notes
Promissory note with discounted interest to be recorded
debt 1.583.741,77 in interest
Credit Card Amount Due: 1.583.741,77 Note
—to record interest that has accrued on a payable note —
<h3>What is interest ?</h3>
The cost of borrowing money is known as interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). The rate of inflation, the length of the loan, the availability of funds, and the risk of default are important variables that determine interest rates. Ownership in a business can alternatively be expressed as interest.
The sum of money paid for using someone else's money is known as interest. The $20 you earned this year on your savings account is an example of interest. The $2000 in interest you paid on your home loan this year is an example of interest.
To learn more about interest from the given link:
brainly.com/question/13324776
#SPJ4
