ALL THREE ENTRIES

On May 1, 2021, a company lends $190,000 to one of its main suppliers and accepts a 12-month, 8% note. Record the acceptance of the note on May 1, 2021, the adjustment on December 31, 2021, and the cash collection on May 1, 2022. no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not roun intermediate calculations. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the acceptance of the note receivable. Note: Enter debits before credits. Date General Journal Debit Credit May 01, 2021 Dardant Clearnt View.coloral