Entries for note collected by bank

$$

Instructions at the time of the collection but had made no entries.

Required:$-$

On March $1,$ journalize the entry that should be made by the company to bring the accounting records up to date. Refer to the chart of accounts

for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit

or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.