question archive Journalize all entries for Regal Bank related to the note for 2016 and 2017

Journalize all entries for Regal Bank related to the note for 2016 and 2017

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Journalize all entries for Regal Bank related to the note for 2016 and 2017. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the loan on September 30. 2016. Journalize all entries for Regal Bank related to the note for 2016 and 2017 Which party has a note receivable? note payable? interest revenue? interest expense? Suppose that Kerry Kelsing defaulted on the note What entry would Regal record for the dishonored note?

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