What entry in account journalizing this would be:

Mr. W made a additional payment of 2k by issuing a 60 day note.

Thank you!

To journalize the entry for Mr. W's additional payment of 2k by issuing a 60-day note, you need to follow these steps:

1. Determine the accounts involved: Identify the accounts that are affected by this transaction. In this case, there are two accounts to consider - "Notes Payable" and "Cash."

2. Identify the account type: Determine the account type for each account involved. "Notes Payable" is a liability account, and "Cash" is an asset account.

3. Determine the effect on the accounts: Determine whether each account is being debited or credited. In this transaction, notes payable is increased, which means it needs to be credited. Cash is being decreased as it is being used to make the additional payment, so it needs to be debited.

4. Determine the amount: Determine the amount to be recorded for each account. In this case, the additional payment made by Mr. W is 2k, so the amount for cash will be debited by 2k.

5. Journalize the entry: Now that you have all the necessary information, you can journalize the entry. The journal entry for this transaction would be as follows:

Notes Payable (Credit) 2,000
Cash (Debit) 2,000

This entry records the increase in notes payable and the decrease in cash due to Mr. W's additional payment of 2k by issuing a 60-day note.

Please note that the above entry is just an example, and it's always recommended to consult with an accounting professional or follow your organization's specific accounting guidelines when recording financial transactions.