On April 1, 2019, the management of HERZBERG Company borrowed $ 30,000 from ALEX Bank agreeing to repay the note in two

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On April 1, 2019, the management of HERZBERG Company borrowed $ 30,000 from ALEX Bank agreeing to repay the note in two

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On April 1, 2019, the management of HERZBERG Company borrowed $30,000 from ALEX Bank agreeing to repay the note in two (2) yearsand making annual interest payments on March 31 at 3 percent.Assume the year-end is December 31. Required: Preparejournal entries for December 31, 2019, and March 31,2020.
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