.. ... ... OOOO On February 1, 2022. Hoya Kentiana Co...
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OOOO On February 1, 2022. Hoya Kentiana Co owed money to it's supplier. The Money Tree, Inc. in the amount of $1.200. Hoya knows it will not be able to conto Invoice due date of 2/15, so it asks to issue a 2-month note payable to The Money Tree for the amount due. The Money Tree accepts, and Hoya's entry will include a credit to which account O interest Expense Cast: Accounts Receivable Notes Payable 1.67 points On January 1, 2021. Dependable, Inc. borrows $10,000 from a local bank by signing a 9% note payable. The note plus interest is due July 1, 2021 On January 31, the required adjusting entry will include a debit to Interest Expense for O No entry is required because no payments are due until July 1 O 5900 O $150 O $75
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