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Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Issued...

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Accounting

Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Issued a $72,000, 30-day, 6% note dated April 30 to Misner Co. on account. May 30 Paid Misner Co. the amount owed on the note dated April 30. If an amount box does not require an entry, leave it blank. Apr. 30 Accounts Payable-Misner Co. Notes Payable-Misner Co. May 30 Notes Payable-Misner Co. Interest Expense Cash 72,000 X 178,200 X 18,000 X 72,000 X > > X 180,000 X
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Journalize the following, assuming a 360-day year is used for interest computations: Apr. 30 Issued a $72,000,30-day, 6% note dated April 30 to Misner Co. on account. May 30 Paid Misner Co. the amount owed on the note dated April 30. If an amount box does not require an entry, leave it blank

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