Social Studies, 30.03.2022 23:30 shealene7

21. Sandra writes an "IOU" to Joe for services rendered equalling $10,000. She agrees that payment will be made in full in 6 months at 10% interest. (.5 Mark Each )
A. What would Joe's journal entry be to record the transaction
B. How much interest will be payable at the end of 6 months?

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21. Sandra writes an "IOU" to Joe for services rendered equalling $10,000. She agrees that payment...

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21. Sandra writes an "IOU" to Joe for services rendered equalling $10,000. She agrees that payment will be made in full in 6 months at 10% interest. (.5 Mark Each ) A. What would Joe's journal entry be to record the transaction B. How much interest will be payable at the end of 6 months?

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Another question on Social Studies

21. Sandra writes an "IOU" to Joe for services rendered equalling $10,000. She agrees that payment will be made in full in 6 months at 10% interest. (.5 Mark Each )
A. What would Joe's journal entry be to record the transaction
B. How much interest will be payable at the end of 6 months?