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Record the acceptance of each of the notes receivable

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Question - During 2021, LeBron Corporation accepts the following notes receivable.

On April 1, LeBron provides services to a customer on account. The customer signs a four-month, 9% note for $7,000.

On June 1, LeBron lends cash to one of the company's vendors by accepting a six-month, 10% note for $11,000.

On November 1, LeBron accepts payment for prior services by having a customer with a past-due account receivable sign a three-month, 8% note for $6,000.

Record the acceptance of each of the notes receivable.

Reference no: EM133121377

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