Examlex

Solved

Dry Corporation Cannot Pay Off Its Account with Bone Corporation

question 84

Multiple Choice

Dry Corporation cannot pay off its account with Bone Corporation on a timely basis. Bone Corporation issues a $2,000, 3-month, 12% promissory note to Dry Corporation in settlement of an open accounts receivable.
What entry will Bone Corporation make upon issuance? Dry Corporation cannot pay off its account with Bone Corporation on a timely basis. Bone Corporation issues a $2,000, 3-month, 12% promissory note to Dry Corporation in settlement of an open accounts receivable. What entry will Bone Corporation make upon issuance?   A)  Option A B)  Option B C)  Option C D)  Option D


Definitions:

Related Questions