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Business, 17.03.2020 00:00 josediaz1124

9. A bank loaned York Construction Company $35,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by York to record receipt of the cash would include an a. increase in Cash for $35,000. b. decrease in Notes Payable for $32,900. c. increase in Discount on Notes Payable for $2,100. d. increase in Interest Revenue for $2,100.

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9. A bank loaned York Construction Company $35,000 on a 1-year, 6% note, but deducted the interest i...
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