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On October 1, 2018, Wonderland, Inc. lent S2.600 to Alice Lewis on a 6-month 6% promissory note. The journal entry to record the note for
On October 1, 2018, Wonderland, Inc. lent S2.600 to Alice Lewis on a 6-month 6% promissory note. The journal entry to record the note for Wonderland, Inc. would be to O A. debit Note Receivable/A Lewis, $2.678; credit Cash, $2.678. B. debit Note Receivable/A Lewis, $2,600; credit Cash, $2,600 O C. debit Cash, $2,600; credit Note Payable/A Lewis, $2,600. OD. debit Note Receivable/A Lewis, $78; credit Interest Income, $78
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