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Journal entry required and I am not sure if this is considered a debit for notes payable for 15,000 and a credit to Unearned revenue
Journal entry required and I am not sure if this is considered a debit for notes payable for 15,000 and a credit to Unearned revenue for 15,000?
rt Description ] Issued a $15,000 ACH payment to First American Bank and Trust for partial payment on the bank note, which included no payment for interest. The terms on the back of the bank note stipulate that prepayments can be made without early payment penalty. For purposes of the year-end adjusting entry for accrued interest that you will be making later, assume that this payment was not received by the bank until January 3, 2023. Accounting enth DecuiredStep by Step Solution
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