During 2021 Lebron Corporation Accepts The Following Notes Receivable 1 On April 1 Lebron Provides Services To A Cus 1 (36.46 KiB) Viewed 9 times
During 2021 Lebron Corporation Accepts The Following Notes Receivable 1 On April 1 Lebron Provides Services To A Cus 2 (30.64 KiB) Viewed 9 times
During 2021 Lebron Corporation Accepts The Following Notes Receivable 1 On April 1 Lebron Provides Services To A Cus 3 (38.51 KiB) Viewed 9 times
During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $6,400. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $10,400. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three- month, 8% note for $5,400. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $6,400. Date April 01 Note: Enter debits before credits. General Journal Debit Credit
Journal entry worksheet 2 3 On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $10,400. Note: Enter debits before credits. Date June 01 Record entry General Journal Clear entry Debit Credit View general journal
ces Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three-month, 8% note for $5,400. Note: Enter debits before credits. Date November 01 Record entry General Journal Clear entry Debit Credit View general journal
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!