Answer:
Explanation:
Between about 800 and 1200 AD, partly in response to the new currents of trade, Africans in the southern sahel developed a set of trading states with an elaborate organization.Well before 1500 AD, a number of states had come into existence, that had no connection at all with the trade across the Sahara.
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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
