On December 1, Daw Co. accepts a $10,000, 45-day, 6% note from a customer. (1) Prepare...
On December 1, Daw Co. accepts a $10,000, 45-day, 6% note from a customer.
- (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31.
- (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
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On December 1, Daw Co. accepts a $10,000, 45-day, 6% note from a
customer.
(1) Prepare...
On December 1, Daw Co. accepts a $14.000, 45-day, 6% note from a customer.
On December 1, Daw Co. accepts a $14.000, 45-day, 6% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
On December 1, Daw Co. accepts a $36,000, 45-day, 10% note from a customer. (1) Prepare...
On December 1, Daw Co. accepts a $36,000, 45-day, 10% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
On December 1, Daw Co. accepts a $32,000, 45-day, 9% note from a customer.
On December 1, Daw Co. accepts a $32,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
On December 1, Daw Co. accepts a $30,000, 45-day, 7% note from a customer.
On December 1, Daw Co. accepts a $30,000, 45-day, 7% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
On December 1, Daw Co. accepts a $34,000, 45-day, 9% note from a customer. (1) Prepare...
On December 1, Daw Co. accepts a $34,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31 (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet Record the year-end adjustment related to this note, if any. Note: Enter debts before credits Debit Credit Date General Journal De 31
Daw Company’s December 31 year-end unadjusted trial balance shows a $14,000 balance in Notes Receivable. This...
Daw Company’s December 31 year-end unadjusted trial balance
shows a $14,000 balance in Notes Receivable. This balance is from
one 6% note dated December 1, with a period of 45 days. Assume Daw
Company does not prepare reversing entries.
Prepare journal entries for December 31 and for the note’s maturity
date assuming it is honored. (Use 360 days a
year.)
1. Record the year-end adjustment related to
this note, if any.
2. Record the journal entry on the note’s maturity...
Daw Company's December 31 year-end unadjusted trial balance shows a $44,000 balance in Notes Receivable. This...
Daw Company's December 31 year-end unadjusted trial balance shows a $44,000 balance in Notes Receivable. This balance is from one 12% note dated December 1, with a period of 45 days. Assume Daw Company does not prepare reversing entries. Prepare journal entries for December 31 and for the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet < 1 2 Record the year-end adjustment related to this note, if any. Note:...
Daw Company's December 31 year-end unadjusted trial balance shows a $22,000 balance in Notes Receivable
Daw Company's December 31 year-end unadjusted trial balance shows a $22,000 balance in Notes Receivable. This balance is from one 6% note dated December 1, with a period of 45 days. Assume Daw Company does not prepare reversing entries. Prepare journal entries for December 31 and for the note's maturity date assuming it is honored. (Use 360 days a year.)
Dew Company's December 31 year-end unadjusted trial balance shows a $42,000 balance in Notes Receivable.
QS 7-10 Note receivable interest and maturity LO P4 Dew Company's December 31 year-end unadjusted trial balance shows a $42,000 balance in Notes Receivable. This balance is from one 10% note dated December 1, with a period of 45 days. Assume Daw Company does not prepare reversing entries.Prepare journal entries for December 31 and for the note's maturity date assuming it is honored. (Use 360 days a year)
On August 2, Jun Co. receives a $7,400, 90-day, 13.5% note from customer Ryan Albany as payment on his $7,400 account receivable
QS 9-12 Note receivable honored LO P4 On August 2, Jun Co. receives a $7,400, 90-day, 13.5% note from customer Ryan Albany as payment on his $7,400 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.)
On December 1, Daw Co. accepts a $14.000, 45-day, 6% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31. (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.)
On December 1, Daw Co. accepts a $34,000, 45-day, 9% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31 (2) Prepare the entry required on the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet Record the year-end adjustment related to this note, if any. Note: Enter debts before credits Debit Credit Date General Journal De 31
Daw Company’s December 31 year-end unadjusted trial balance
shows a $14,000 balance in Notes Receivable. This balance is from
one 6% note dated December 1, with a period of 45 days. Assume Daw
Company does not prepare reversing entries.
Prepare journal entries for December 31 and for the note’s maturity
date assuming it is honored. (Use 360 days a
year.)
1. Record the year-end adjustment related to
this note, if any.
2. Record the journal entry on the note’s maturity...
Daw Company's December 31 year-end unadjusted trial balance shows a $44,000 balance in Notes Receivable. This balance is from one 12% note dated December 1, with a period of 45 days. Assume Daw Company does not prepare reversing entries. Prepare journal entries for December 31 and for the note's maturity date assuming it is honored. (Use 360 days a year.) View transaction list Journal entry worksheet < 1 2 Record the year-end adjustment related to this note, if any. Note:...
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