On November 1, 2016, Pangolin received a $41,000, 6%, 90-day promissory note. Prepare any necessary journal entry on December 31, the end of the company's fiscal year. Assume 360 days per year. Indicate the effect on financial statement items by selecting "–" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.

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Jowrnal Dete Particular I November Puomosiery Nots s aslh TO Account R... View the full answer