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(Solved): On Noyember ist, Nagy Compary signed a 120-day, 105 note payable. Whth o foce volve of \( 563.000 \ ...




On Noyember ist, Nagy Compary signed a 120-day, 105 note payable. Whth o foce volve of \( 563.000 \). Nogy made a December 3l
On Noyember ist, Nagy Compary signed a 120-day, 105 note payable. Whth o foce volve of \( 563.000 \). Nogy made a December 3lyear-end accrual for interect eamed. What is the joumal enty os of March ist to record Nogy's poyment of the note? (Use 360 days a year.) Mutiple Chaces Dobit Notes Payeble 563,000; debatinterest Gipense 32300, credr Cach 565,500 Dobs notes Pos oble 863,000, debn interest Payable 51,050, creat Cach 564,050 Debe Cash 564 050, code NCtes Payat 564050


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Answer is Debit Note payable $63000; interest
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