Answer:
that's your whole homework?
Answer: See explanation
Explanation:
a. The Journal entries to record the issuance of the note will be:
Debit Accounts payable $10000
Credit Notes payable $10000
(To record the issuance of note to creditor)
b. The journal entry to record thehe payment of the note at maturity, including interest will be:
Debit Notes payable $10000
Debit Interest expense $125
Credit Cash $10000 + $125 = $10125
(To record the payment on the note on maturity.
Note:
Interest expense = $10000 × 5% × 90/360
= $10000 × 0.05 × 0.25
= $125
Southern American accents sound like the stereotypical gay accent tbh. But the Northern American accents sound friendly although my mum thinks it's like german accent (assertive I supposed?) and my friend thinks it's loud and mouthful.
6 because you would take 3/4 / 1/8 and then continue to follow the reciprocal to get 24/4 which is 6.
