Accounting Problem
Wells Fargo Bank agrees to lend the Block Builders Company $200,000 on January 1. Block Builders Company signs a $200,000, 8%, 6-month note.
What entry will Block Builders Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.