Correct entry to record, Plunder Inc. accepted a six-month

Correct entry to record

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Reference no: EM13125863

Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2011. The note was accepted as payment of a delinquent receivable of $2,500.

What is the correct entry to record the note?

Reference no: EM13125863

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Correct entry to record : Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2011. The note was accepted as payment of a delinquent receivable of $2,500. What is the correct entry to record the note?

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