Jan 30 Accepted a 30day note dated Jan 30 in settlement of p

Jan 30- Accepted a 30-day note dated Jan 30, in settlement of past due $2000 Account Receivable.

What would this journal look like?

Solution

Journal entry :

Date accounts & explanation debit credit
Jan 30 Notes receivable 2000
Account receivable 2000
(To record notes receivable)
Jan 30- Accepted a 30-day note dated Jan 30, in settlement of past due $2000 Account Receivable. What would this journal look like?SolutionJournal entry : Date

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