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On November 1, Bahama National Bank lends $2.2 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance
On November 1, Bahama National Bank lends $2.2 million and accepts a six-month, 6% note receivable. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note. Note: Enter debits before credits. Date November 01 General Journal Debit Credit Record entry Clear entry View general journal
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