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12 Eve's Apples Corp. lent $2,500 to one of its customers and accepted a six-month noninterest-bearing note for $2,800 on January 1, 2021. The cash
12 Eve's Apples Corp. lent $2,500 to one of its customers and accepted a six-month noninterest-bearing note for $2,800 on January 1, 2021. The cash collection on July 1, 2021, would be recorded as:
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Discount on notes receivable 300 Interest revenue 300 Cash 2,800 Note receivable 2,800 -
Cash 2,500 Note receivable 2,500 -
Cash 2,500 Discount on notes receivable 300 Note receivable 2,800 -
Cash 2,800 Accounts receivable 2,500 Interest revenue 300
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