On April 1, 2019, the management of HERZBERG Company borrowed $ 30,000 from ALEX Bank agreeing to repay the note in two
Posted: Wed Jul 06, 2022 6:25 am
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.