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Author Question: On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The ... (Read 200 times)

armygirl

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on: Feb 18, 2020
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.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by armygirl on Feb 18, 2020

snackralk

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Reply #1 on: Feb 18, 2020
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.
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armygirl

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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