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During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a
During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,900. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10\% note for $9,900. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a threemonth, 8% note for $4,900. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,900. Note: Enter debits before credits. During 2021 , LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,900. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,900. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a threemonth, 8% note for $4,900. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,900. Note: Enter debits before credits. During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,900. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,900. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a threemonth, 8% note for $4,900. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 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 $4,900. Note: Enter debits before credits
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