Question: Current Attempt in Progress On May 2, Splish Company lends $8,900 to Chang, Inc., issuing a 6-month, 10% note. At the November 2, maturity date,

Current Attempt in Progress On May 2, Splish Company lends $8,900 to Chang, Inc., issuing a 6-month, 10% note. At the November 2, maturity date, Chang indicates that it cannot pay. Parts b and care independent assumptions. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date May 2 Account Titles and Explanation issuance of the niote Debit Credit

On May 2, Splish Company lends $8,900 to Chang, Inc, issuing a 6-month, 10% note. At the Novernber 2 , maturity date, Chang indicates that it cannot pay. Parts b and care independent assumptions. (a) Prepare the entry to record the issuance of the note. (Credit account titles are automatically indented when amount is entered. Do not Indent manually

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