Question: QUESTION 16?? When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the

QUESTION 16??

When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include

either a debit to Discount on Notes Receivable or to Premium on Notes Receivable.

either a debit to Discount on Notes Receivable or a credit to Premium on Notes Receivable.

credits to Notes Receivable and Interest Receivable.

a debit to cash and a credit to Notes Receivable for the face amount of the note.

answer and explain please.

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