A business issued a 30-day note for $57,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year. Question Content Area a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place. blank Account Debit Credit Feedback Area Feedback Question Content Area b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. blank Account Debit Credit
A business issued a 30-day note for $57,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year. Question Content Area a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place. blank Account Debit Credit Feedback Area Feedback Question Content Area b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. blank Account Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A business issued a 30-day note for $57,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year.
Question Content Area
a.
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Feedback Area
Feedback
Question Content Area
b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank.
| blank | Account | Debit | Credit |
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