Wells Fargo Bank

Posted on by Belinder

 

 

Wells Fargo Bank agrees to lend the Block Builders Company $200,000 on January 1. Block Builders Company signs a $200,000, 8%, 6-month note.

What entry will Block Builders Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30?

 

 

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