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On November 1, 2021, Dual Systems borrows $140,000 to expand operations. Dual Systems signs a six-month,...

On November 1, 2021, Dual Systems borrows $140,000 to expand operations. Dual Systems signs a six-month, 7% promissory note. Interest is payable at maturity. Dual System's year-end is December 31. 1., 2. & 3.

Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)

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ekkarill92 answered 2 years ago
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