This topic contains a solution. Click here to go to the answer

Author Question: On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The ... (Read 229 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The journal entry to record the note for Wonderland, Inc. would be to:
◦ debit Note Receivable/A Lewis, $2,448; credit Cash, $2,448.
◦ debit Note Receivable/A Lewis, $2,400; credit Cash, $2,400.
◦ debit Note Receivable/A Lewis, $48; credit Interest Income, $48.
◦ debit Cash, $2,400; credit Note Payable/A Lewis, $2,400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by armygirl on Feb 18, 2020

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly




armygirl

  • Member
  • Posts: 556
Reply 2 on: Feb 18, 2020
:D TYSM


TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

For a complete list of videos, visit our video library