EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 8220103677684
Author: Matsumura
Publisher: YUZU
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Textbook Question
Chapter 9, Problem E9.23E
Journalizing note receivable transactions including a dishonored note
| Learning Objective 4 |
On September 30, 2018, Team Bank loaned S94,000 to Kendall VVarner on a one-year. 6% note Team’s fiscal year ends on December 31
Requirements
1. Joumalize all entries for Team Bank related to the note for 2018 and 201 9
2 Which party has a
a note receivable’?
b note payable?
c.. interest revenue?
d. interest expense?
3. Suppose that Kendall Warner defaulted on the note What entry would Team record for the dishonored note?
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Chapter 9 Solutions
EBK HORNGREN'S ACCOUNTING
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