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) |
