Business, 18.11.2019 23:31 raywils0n12300p0t3yc

Problem 8-2b record notes payable and notes receivable (lo8-2) [the following information applies to the questions displayed below.] eskimo joe’s, designer of the world’s second best-selling t-shirt (just behind hard rock cafe), borrows $19.6 million cash on november 1, 2021. eskimo joe’s signs a six-month, 9% promissory note to stillwater national bank under a prearranged short-term line of credit. interest on the note is payable at maturity. each firm has a december 31 year-end. problem 8-2b part 2 2. record the adjustments on december 31, 2021, for (a) eskimo joe's and (b) stillwater national bank (do not round intermediate calculations. if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in dollars, not in millions. for example, $5.5 million should be entered as 5,500,000.)

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Problem 8-2b record notes payable and notes receivable (lo8-2) [the following information applies to...

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