Business, 10.12.2019 06:31 mariah10455
On december 16, 2019, carboy, inc., borrows $120,000 cash from third national bank at 9 percent annual interest. the note is due in 45 days. at december 31, 2019, carboy records any unpaid interest with an adjusting entry. on january 30, 2020, carboy pays the principal and interest owed on the bank note. prepare the january 30 entry by carboy for the payment (maturity) of the note plus interest.
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On december 16, 2019, carboy, inc., borrows $120,000 cash from third national bank at 9 percent annu...
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