Business, 25.05.2021 21:00, nickcjacques

On March 5, Oak Corp. provided services on account to Pine. Oak initially recorded this as an account receivable but it later became apparent Pine could not pay quickly so Oak required Pine to sign a $100,000, 12%, 2-month interest-bearing note. The journal entry required by Oak when Pine signs the note includes Multiple choice question.

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On March 5, Oak Corp. provided services on account to Pine. Oak initially recorded this as an accoun...