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Prepare the entry to record the issue of the note

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Question

On 2 may, noble park lends 6600 to sandhu, issuing s 6-month,9%note ,at the maturity date , 2 november , sandhu indicate that it cannot pay

(a) Prepare the entry to record the issue of the note

(b) Prepare the entry to record the dishonour of the note , assuming that noble park expects collection will occur.

(c) Prepare the entry to record the dishonour of the note , assuming that noble park does not expect collection in the future.

Reference no: EM132323856

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