On November 1 , Bahama National Bank lends $3 5 million and accepts a six-month,...
70.2K
Verified Solution
Link Copied!
Question
Accounting
On November 1 , Bahama National Bank lends $3 5 million and accepts a six-month, 9% 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 journal entry required" in the first account field. Enter your answers in dollars, not in millions (Le. 5 should be entered as 5,000,000)) 1 View transaction list ournal entry worksheet Record the adjustment for interest Note: Enter debits before credits Date General Journal redit December Interest receivable 31 nterest revenue
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.