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On September 1, Joe's Painting Service Borrows $50,000 from National

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On September 1, Joe's Painting Service borrows $50,000 from National Bank on a 4-month, $50,000, 6% note. The entry by Joe's Painting Service to record payment of the note and accrued interest on January 1 is On September 1, Joe's Painting Service borrows $50,000 from National Bank on a 4-month, $50,000, 6% note. The entry by Joe's Painting Service to record payment of the note and accrued interest on January 1 is

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