On April 1, LeBron provides services to a customer on account. The customer sign

Question

On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,300. On June 1. LeBron lends cash to ono of the company's vendors by accepting a six-month. 10% note for S9.300. 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 $4,300. Record the acceptance of each of the notes receivable. (If no entry is required for a transaction/event, select No journal entry required" In the first account field.) On April l, LeBron provides services to a customer on account The customer signs a four-month, 9% note for $5,300. Record the transaction

Explanation / Answer

LeBron Corporation Journal 1-Apr Notes receivable 5300    To service revenue 5300 1-Jun Notes receivable 9300    To cash 9300 1-Nov Notes receivable 4300    To accounts receivable 4300

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.