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  3. on may 1, 2021, a company lends $190,000 to one of

On May 1, 2021, a company lends $190,000 to one of its main suppliers and...

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Accounting

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On May 1, 2021, a company lends $190,000 to one of its main suppliers and accepts a 12-month. 7% note. Record the acceptance of the note on May 1, 2021, the adjustment on December 31, 2021, and the cash collection on May 12022 or no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations, Round your final answers to the nearest whole dollar.) View transaction lit 1934 Journal entry worksheet ere to search O BE e * 309 59F 0:55 AM 11/11/11 hp E invert ** 0 4 a % > $ 4 # 3 & 7 5 back u 6 8 2 9 00 { W E R 20 2 T U Y 0 O ere S D U F G H J L K > A pause . C V B B N M M

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