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8090 [49]
2 years ago
10

Kingbird, Inc. receives a $11000, 9-month, 6% promissory note from Sunland Company in settlement of an open accounts receivable.

What entry will Kingbird, Inc. make upon receiving the note
Business
1 answer:
Scorpion4ik [409]2 years ago
6 0

Answer and Explanation:

The journal entry at the time of receiving the note is as follows:

Note receivable Dr $11,000

         To Account receivable $11,000

(Being the note receivable is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

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As the demand for goods and services decreases, job growth _____.
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Last option is correct. The issuing corporation does not record any entry because it doesn't receive or give anything of value.

<h3>What are shares of stock?</h3>

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7 0
1 year ago
The probability that inventory will remain in stock based upon a specified level of Safety Stock is called: A. The Order-Up-To L
horsena [70]

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The answer is "Option D".

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