During 2024, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services...

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During 2024, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,600. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,600. 3. On November 1, LeBron allows a customer to convert a past-due account receivable to a three-month, 8% note receivable for $4,600. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) During 2024, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,600. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,600. 3. On November 1, LeBron allows a customer to convert a past-due account receivable to a three-month, 8% note receivable for $4,600. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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To record the acceptance of each of the notes receivable we need to create journal entries for each ... View the full answer