Question: Exercise 5-14A Record notes receivable (LO5-7) 107 During 2021, LeBron Corporation accepts the following notes receivable. points 1 1. On April 1, LeBron provides services
Exercise 5-14A Record notes receivable (LO5-7) 107 During 2021, LeBron Corporation accepts the following notes receivable. points 1 1. On April 1, LeBron provides services to a customer on account. The customer signs a four month, 9% note for $7000. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $11,000. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three- month, 8% note for $6.000 10 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.) View transaction list Journal entry worksheet To 10 On April 1, LeBron provides services to a customer on account. The customer signs a four month, 9% note for $7,000. Note Enter debts before credits General Journal Debt Credit Date April 01 Record entry View general journal Clear entry
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