The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.
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What is Note Receivable ?</h3>
A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).
The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.
Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.
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No, the price will rise because more people are competing for the products
Credit card terms require you to pay at least the minimum payment by the date pointed out every month. This payment is the lowest amount you can pay on your credit card to avoid penalties. Minimum payments are usually a percentage of your outstanding balance.
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D. dealing with multiple topics per question
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A negative cash flow is basically when your business has more of the outgoing money than incoming money. This cannot cover all your expenses from sales even just alone at that. ... An example, Lets say you had $5,000 in revenue and $10,000 in expenses in April,that means you had negative cash flow. The negative cash flow is a general common thing for a new businesses. hope this helps :)
