Carson's shoe store signed a 90-day, interest-bearing, 10% note for $5,000.00 with first national bank. what is carson's shoe store's journal entry for the issuance of the note payable?

                                Debit               Credit

Cash                     $5,000.00

Notes Payable                              $5,000.00

Explanation:

Data provided in the question:

Amount = $5,000.00

Interest rate on note = 10%

Time = 90 days

Now,

Carson's Shoe Store's journal entry for the issuance of the note payable will be

                                Debit               Credit

Cash                     $5,000.00

Notes Payable                              $5,000.00

answer; ///blank(1); security; blank(2); freedom; good luck

answer; 33,000;