A Business Issued a 120-Day,6% Note for $10,000 to a Creditor

A business issued a 120-day,6% note for $10,000 to a creditor on account.The company uses a 360-day year for interest calculations.Journalize the entries to record a the issuance of the note and b the payment of the note at maturity,including interest.

$\begin{array}{|c|c|c|r|}\hline & \text { Description } & \text { Debit } & \text { Credit } \\\hline \text { a } \\\hline & \\\hline & & & \\\hline & & & \\\hline \text { b }& \\\hline & \\\hline & \\\hline\end{array}$

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