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During 2024, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a
During 2024, 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 $5,300. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,300. 3. On November 1, LeBron allows a customer to convert a past-due account receivable to a three-month, 8% note receivable for $4,300 Journal entry worksheet On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,300. Note: Enter debits before credits. Journal entry worksheet On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,300. Note: Enter debits before credits. Journal entry worksheet 1 On November 1 , LeBron allows a customer to convert a past-due account recelvable to a three-month, 8% note receivable for $4,300. Note: Enter debits before credits
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