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Prepare williams journal entry to record the issuance

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Reference no: EM131792200

On december 1st , williams company borrowed 45,000 cash from second national bank by signing a 90 day 10% note payable

a. Prepare williams journal entry to record the issuance of the note payable

b. Prepare williams journal entry to record accrued interest due at december 31.

c. Prepare williams journal entry to record the payment of the note on march 1 of the next year. (hint) this entry should have 3 debits and 1 credit)

Reference no: EM131792200

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