Business, 30.09.2019 22:30 Queenhagar

Mccormick corporation issued a 4-year, $40,000, 5% note to greenbush company on january 1, 2013, and received a computer that normally sells for $31,495. the note requires annual interest payments each december 31. the market rate of interest for a note of similar risk is 12%. prepare mccormick's journal entries for (a) the january 1 issuance and (b) the december 31 interest

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Mccormick corporation issued a 4-year, $40,000, 5% note to greenbush company on january 1, 2013, and...

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