Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
Just need help with part B. I'm not seeing a notes receivable and don't know what it needs for cash.
Homework Answers
b) Adjusting entry
| General journal | Debit | Credit |
| Miscellaneous expense | 40 | |
| Cash | 40 | |
| Cash | 5200 | |
| Notes receivable | 5050 | |
| Interest revenue | 150 |
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