During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides...
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During 2021, LeBron Corporation accepts the following notes receivable. 1. On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000. 2. On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $9,000. 3. On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three- month, 8% note for $4,000. Required: Record the acceptance of each of the notes receivable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $5,000. Note: Enter debits before credits. Date General Journal Debit Credit April 01 Record entry Clear entry View general Journal Journal entry worksheet On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three-month, 8% note for $4,000. Note: Enter debits before credits. Date General Journal Debit Credit November 01 Record entry Clear entry View general journal
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