I have completed negotiatiosn with Central National Bank to borrow $20,000. PRepare a journal entry to a 60-day, 10% note to the bank for that amount.
How do I do this?
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I have completed negotiatiosn with Central National Bank to borrow $20,000. PRepare a journal entry to a 60-day, 10% note to the bank for that amount.
How do I do this?
Debit Cash 20,000 and Credit Note Payable 20,000
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