Business
Business, 21.02.2020 22:01, jhanes1983

During 2021, 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 $5,500.
B. On June 1, LeBron lends cash to one of the company’s vendors by accepting a six-month, 10% note for $9,500.
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 $4,500"

Required: Record the acceptance of each of the notes receivable:

answer
Answers: 2

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During 2021, LeBron Corporation accepts the following notes receivable.

A. On April 1,...

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