Question: When the stated rate does not equal the marlet rate at the date of insuance, the entry to record the insuance of a note receivable

When the stated rate does not equal the marlet rate at the date of insuance, the entry to record the insuance of a note receivable will includeeither a credit to Discount on Notes Recelvable or a debit to Mremium on Notes Receivable.credits to Notes Recelvable and Interest Recelvable.a debirt to cash and a credit to Notes Recelvable for the face amount of the note.either a debit to Discount on Notes Recelvable or Premium on Mapies Enceivable.

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