A company held a one-year,$3,000,8 percent interest-bearing note receivable.After holding it for 2 months,the company discounted (sold) it to the bank at 10 percent.Give the entry to record the sale of the note.Assume interest revenue is not recorded before the note is discounted.

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The Answer of A company held a one-year,$3,000,8 percent interest-bearing note receivable.After holding it for 2 months,the company discounted (sold) it to the bank at 10 percent.Give the entry to record the sale of the note.Assume interest revenue is not recorded before the note is discounted.

A Company Held a One-Year,$3,000,8 Percent Interest-Bearing Note Receivable