Severity: Warning
Message: fopen(/home/answnniz/public_html/system/sessions/ci_sessionf1f555036dc514010f91a6aada97490d080592f9): failed to open stream: Disk quota exceeded
Filename: drivers/Session_files_driver.php
Line Number: 176
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Severity: Warning
Message: session_start(): Failed to read session data: user (path: /home/answnniz/public_html/system/sessions)
Filename: Session/Session.php
Line Number: 143
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Cay Inc. (Cay) issued a 6%, 15 year, installment Note Payable for $2,000,000 on May 1, 2022 to Heavy Financier, Inc. Interest and principal payments are due every 12 months starting April 30, 2023. These annual payments include $100,000 of principal plus appropriate interest. Cays fiscal year-end is December 31 of each year. Prepare journal entries for the first two years (5/1/22 through 4/30/24) including appropriate year-end accruals at 12/31/22 and 12/31/23.