On November 1, Bahama National Bank lends $3.2 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field, Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,0o0).) View transaction let Journal entry worksheet 2 Record the acceptance of the note. Note: Enter debits before credits Date General Journal Debit Credit November 01

On November 1, Bahama National Bank lends $3.2 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field, Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,0o0).) View transaction let Journal entry worksheet 2 Record the acceptance of the note. Note: Enter debits before credits Date General Journal Debit Credit November 01

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 26Q: A customer was unable to pay the accounts receivable on time in the amount of $34,000. The customer...

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