Question: please dont answer if you are not going to answer all of my questions On November 1, Bahama National Bank lends $3.4 million and accepts


On November 1, Bahama National Bank lends $3.4 million and accepts a six-month, 6% note receivable. Interest is due at maturity, Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
