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On October 1, Asus Computers Borrows $ 75,000 from Small

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On October 1, Asus Computers borrows $ 75,000 from Small Town Bank on a $ 75,000, 3-month, 6% note. Assuming interest was accrued at December 31, the entry by Asus Computers to record payment of the note and accrued interest on January 1 is On October 1, Asus Computers borrows $ 75,000 from Small Town Bank on a $ 75,000, 3-month, 6% note. Assuming interest was accrued at December 31, the entry by Asus Computers to record payment of the note and accrued interest on January 1 is

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