Note Payable Journal Entry-Journalize the Journal Entry for Installment Note

Notes payable journal entry will journize the journal entry to record an installment note. We will enter the accounting transaction into a general journal and then post the transaction to a worksheet so we can see the impact on individual accounts and the accounting equation. The transaction to record a loan is surprisingly simple, but… Continue reading Note Payable Journal Entry-Journalize the Journal Entry for Installment Note