Business, 22.02.2021 19:40 BigElote

On November 1, 2021, Aviation Training Corp. borrows $51,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviationâ€™s year-end is December 31. Required:
1. Record the necessary entries .
2. Record the issuance of note. Record the adjustment for interest.
3. Record the repayment of the note at maturity.

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On November 1, 2021, Aviation Training Corp. borrows $51,000 cash from Community Savings and Loan. A...

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