During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000. b. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,000. c. 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 $4,000. Required: 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.) 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 $5,000. Note: Enter debits before credits. Date April 01 Record entry General Journal Clear entry Debit Credit View general journal >
During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000. b. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,000. c. 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 $4,000. Required: 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.) 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 $5,000. Note: Enter debits before credits. Date April 01 Record entry General Journal Clear entry Debit Credit View general journal >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![During 2018, LeBron Corporation accepts the following notes receivable.
a. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000.
b. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,000.
c. 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 $4,000.
Required:
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.)
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 $5,000.
Note: Enter debits before credits.
Date
April 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d1b6bc7-22be-4d7a-9314-f8909e710633%2F742f91e9-517c-4c39-9f17-12c02c5328a0%2F8aw5xp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:During 2018, LeBron Corporation accepts the following notes receivable.
a. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000.
b. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,000.
c. 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 $4,000.
Required:
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.)
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 $5,000.
Note: Enter debits before credits.
Date
April 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
>
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