A company issues a $200,000,6%, 6-month note on December 1. It has a December 31 year-end. The entry made by the the company on December 1 to record the issuance of the note is
O Interest Expense............................ 6,000
Cash ...........................................194,000
Notes Payable........................................ 200,000
o Cash............................................... 200.000
Interest Expense.................................6,000
Notes Payable......................................... 206,000
o Cash.................................................. 200.000
Interest Expense.................................6.000
Notes Payable..........................................200,000
Interest Payable......................................... 6.000
o Notes Payable........................................200.000
Cash ............................................................200,000
o Cash.......................................................200.000
Notes Payable................................................200,000
