On the first day of the fiscal year a company issues 45 000

Last updated: 11/21/2023

On the first day of the fiscal year a company issues 45 000 8 six year installment notes that have annual payments of 9 734 T first note payment consists of 3 600 of interest and 6 134 of principal repayment a Journalize the entry to record the issuance of the installment notes If an amount box does not require an entry leave it blank Cash Notes Payable Feedback Check My Work 88 b Journalize the first annual note payment If an amount box does not require an entry leave it blank Interest Expense