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-   -   What is the journal entry (debit, credit) for this problem? (https://www.askmehelpdesk.com/showthread.php?t=818496)

  • Nov 19, 2015, 07:28 AM
    bokuwa
    What is the journal entry (debit, credit) for this problem?
    What is the journal entry (debit, credit) for this problem "Collected a $9,600 60-day 10% note from a credit customer to settle account"?
  • Nov 19, 2015, 08:51 AM
    pready
    Your accounts will be Notes Receivable and Accounts Receivable. The credit customer exchanged an account receivable to a note receivable.
  • Nov 19, 2015, 02:13 PM
    paraclete
    If you "collected" then cash is involved

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