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3 March, 10:49

On december 1, watson enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with erikson company. what is the journal entry that should be recorded upon signing the note?

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  1. 3 March, 11:15
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    The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note: 1. Debit Accounts Payable $24,000 2. credit Notes Payable $24,000.
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