a business issued a 60-day note for $60,000 to a bank. the note was discounted at 8%. assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. | 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.

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05-12-2022
Business

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a business issued a 60-day note for $60,000 to a bank. the note was discounted at 8%. assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank. | 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.

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