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    babygirl072701's Avatar
    babygirl072701 Posts: 3, Reputation: 1
    New Member
     
    #1

    Dec 12, 2007, 09:03 AM
    A-1 Photography 60-day note
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Dec 12, 2007, 11:49 PM
    Debit Cash 20,000 and Credit Note Payable 20,000

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