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On March 1, 2012, Bayonne Services Made a Loan to One

Question 125

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On March 1, 2012, Bayonne Services made a loan to one of its officers. The officer signed a 6-month note for $4,000 at 8%. Please provide the journal entry needed by Bayonne to record the note.
On March 1, 2012, Bayonne Services made a loan to one of its officers. The officer signed a 6-month note for $4,000 at 8%. Please provide the journal entry needed by Bayonne to record the note.

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