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Untitled Document8 - 2/12 20X 1 Apr 30 Notes Payable 12,00...

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General Journal Date Account Title and Description Ref. Debit Credit 20X 0 Nov. 1 Cash 12,00 0 Notes Payable 12,000 To record borrowing Dec. 31 Interest Expense 200 Interest Payable 200 To accrue interest for two months ($12,000 × 10% ×
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Unformatted text preview: 2/12) 20X 1 Apr. 30 Notes Payable 12,00 Interest Payable 200 Interest Expense (4 months) 400 Cash 12,600 To record payment of note with interest...
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