Journal entry for 90 day note/5% on $60,000 [Archive]

View Full Version : Journal entry for 90 day note/5% on $60,000

lpense

Mar 29, 2010, 05:57 AM

Winston Co. issued a 90-day note for $60,000 What is journal entry

pready

Mar 31, 2010, 07:06 AM

What are you receiving and how much.

What are you issuing and how much.

You need to analyze the transaction then you will be able to figure this one out.