September 28, 2020Published by Nikola Nikola on September 28, 2020Categories BookkeepingNotes Payable Definition, Journal Entries, and ExamplesOnce you create a note payable and record the details, you must record the loan as a note payable on your balance sheet (which we’ll discuss […]
September 25, 2020Published by Nikola Nikola on September 25, 2020Categories BookkeepingWhat Is Notes Payable? Definition, How to Record, & ExamplesThe interest rate may be fixed over the life of the note, or vary in conjunction with the interest rate charged by the lender to its […]