January 1, 2025 Your company issued a $20,000 note to customer Dave Company as terms of a merchandise sale. Note contract 2 years (24-month maturity date), and a 12% annual interest rate. Please prepare the required journal entry. Make sure you distinguish your debit account(s) and credit account(s) by indenting your credit account(s).

Answer rating: 100% (QA)

Heres the journal entry to record the issuance of the 20000 note to customer Dave Company yaml Date ... View the full answer