Question
Casli Interest expenses.. p XYZ Inc assigns $3,000,000 of its accounts receivables as collateral for a $2,000,000, s, Inan with a bank XVZ, Inc
Casli Interest expenses.. p XYZ Inc assigns $3,000,000 of its accounts receivables as collateral for a $2,000,000, s, Inan with a bank XVZ, Inc also pays no sharge of W of the ble What we the journal entry to record this transaction? OA 1,910,000 90,000 Notes payable. 2,000,000 Cash Interest expenses. 1,910,000 90,000 Account receivable. 2,000,000 Cash Interest expenses... 1,940,000 60,000 2,000,000. Notes payable.. OD. Cash Interest expenses.. 1,940,000 30,000 Due from Bank.) 30,000 2,000,000 Notes payable..
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