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E8-12 (Algo) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 83] To attract retailers to its shopping center, the Marketplace Mall will lend
E8-12 (Algo) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 83] To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space. On November 1,2020 , the company loaned $105,000 to new tenants on one-year notes with stated annual interest rates of 10 percent. Interest is to be received by Marketplace Mall on April 30,2021 , and at maturity on October 31,2021 Journal entry worksheet Record the recelpt of notes on November 1, 2020 for $105, 000 in loans to new tenants. Notes: Entere dobita botore credita. Note: Enter debits betore credits
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