This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The ... (Read 201 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
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
Buy Test-Bank


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
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.
Answer Preview
Only 59% of students answer this correctly


armygirl

  • Member
  • Posts: 556
Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
The grand opening of the huge Miraflores lock on the Panama Canal in October, 1914. The locks were b The grand opening of the huge Miraflores lock on the Panama Canal in October, 1914. The locks were b
Pneumonia patient’s chest x-ray. Note the irregular areas of density. Pneumonia patient’s chest x-ray. Note the irregular areas of density.
Example of simplified note for one-time client. Example of simplified note for one-time client.
6 month old baby in highchair eating 6 month old baby in highchair eating
Video: B cells and antibodies

For a complete list of videos, visit our video library