On January 1,2019,the Notes Receivable account has a balance of $11,000.On December 31,2019,the Notes Receivable account has a balance of $120,000.No collections on notes receivable occurred in 2019.What is the amount of long-term notes that were made in 2019?
A)$11,000
B)$109,000
C)$120,000
D)$131,000

Question

Quizplus · Accepted Answer

$120,000 - $11,000 = $109,000

On January 1,2019,the Notes Receivable Account Has a Balance of $11,000.On