The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
EX 8-22 Entries for notes receivable, including year-end entries
The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
2007 Dec. 7. Received from Unitarian Clothing & Bags Co., on account, a $75,000, 60-day, 3% note dated December 7.
31. Recorded an adjusting entry for accrued interest on the note of December 7.
31. Recorded the closing entry for interest revenue.
2008 Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co.
Journalize the entries to record the transactions.
EX 8-23 Entries for receipt and dishonor of note receivable
Journalize the following transactions of Trapper Jon's Productions:
June 23. Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21. The note is dishonored by Radon Express Co.
Oct. 21. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
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The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3 Nov. 21 Received from McKenna Outer Wear Co., on account, a $54,000, 60-day, 7% note dated November 21 in settlement of a past due account. Dec. 31 Recorded an adjusting entry for accrued interest on the note of November 21. 20Y4 Jan. 20 Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions for the year 20Y3. If no entry...
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers...
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3 Nov. 21. Received from McKenna Outer Wear Co., on account, a $96,000, 60-day, 3% note dated November 21 in settlement of a past due account. Recorded an adjusting entry for accrued interest on the note of November 21. Dec. 31. 2014 Jan. 20. Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions....
please help me solve this Entries for Notes Receivable, Including Year-End Entries The following selected transactio...
please help me solve this
Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $75,000, 60-day, 36 note dated December 7. 31 Recorded an adjusting entry for accrued interest on the note of December 7. 31. Recorded the closing entry for interest revenue. 20Υ8 Feb. 5 Received payment of note and interest from...
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers...
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3 Nov. 21 Received from McKenna Outer Wear Co., on account, a $48,000, 60-day, 6% note dated November 21 in settlement of a past due account. Dec. 31 Recorded an adjusting entry for accrued interest on the note of November 21. 20Y4 Jan. 20 Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions....
433 Chapter 9 Receivables EX 9-24 Entries for receipt and dishonor of notes receivable Journalize the...
433 Chapter 9 Receivables EX 9-24 Entries for receipt and dishonor of notes receivable Journalize the following transactions in the accounts the following transactions in the flamba Co., which ope riverboat casino: Mar. 1. Received an $80.000 60 day 626 note dated March 1 from Tomeka te dated March 1 from Tomekia Co, on account. 18. Received a $75,000, 60-day, 8% note dated March 18 from Mystic Co. on account. Apr. 30. The note dated March 1 from Tomekia Co....
Calculator ctions t Caldemeyer Co ollowing were selected from among the transactions completed by...
The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems. Jan. 3. Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note. Feb. 10. Sold merchandise on account to Bradford & Co., $24,000. The cost of the merchandise sold was $14,400. 13. Sold merchandise on account to Dry Creek Co., $60,000. The cost of merchandise sold was $54,000. Mar. 12. Accepted a 60-day, 7% note for $24,000...
00000 Chapter 8 Homework Entries for Bad Debt Expense Under the Direct Write-Off and Allowance Methods...
00000 Chapter 8 Homework Entries for Bad Debt Expense Under the Direct Write-Off and Allowance Methods Commu Casebolt Company wrote off the follo accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Amount Shawn Brooke $4,650 Eve Denton 5,180 Art Malloy 11,050 Cassie Yost 9,120 Total $30,000 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. Accounts Receivable x Accounts Receivable-Shawn Brooke...
Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360...
Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino. Assume 360 days in a year. For a compound transaction, if an amount box does not require an entry, leave it blank. Round final answers to the nearest cent when necessary. Apr. 18. Received a $21,600, 60-day, 10% note dated April 18 from Glenn Cross on account. 30. Received a $37,200, 60-day, 6% note dated April 30 from Rhoni Melville on account. May 18....
Troy Canvas WebExpress T Troy Catalogs Academic Evaluat... The Knot PT Pottery Barn B Bed Bath...
Troy Canvas WebExpress T Troy Catalogs Academic Evaluat... The Knot PT Pottery Barn B Bed Bath and Bey. Tarpet eBook Show Me How Calculator Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 2013 Nov. 21. Received from McKenna Outer Wear Co., on account, a $96,000, 60-day, 3% note dated November 21 in settlement of a past due account Dec. 31. Recorded an adjusting...
OBJ. 2 s. (a) and (b). ment and that w PE 6-4A Freight terms Determine the...
OBJ. 2 s. (a) and (b). ment and that w PE 6-4A Freight terms Determine the amount to be paid in full settlement of each of two invoices, (a) and assuming that credit for returns and allowances was received prior to payment and all invoices were paid within the discount period. Freight Paid by Seller Freight Terms FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30 Returns and Allowances $15,000 Merchandise $ 90,000 110,000 $1,000 1,575 8,500 Chapter 9 Receivables...
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3 Nov. 21. Received from McKenna Outer Wear Co., on account, a $96,000, 60-day, 3% note dated November 21 in settlement of a past due account. Recorded an adjusting entry for accrued interest on the note of November 21. Dec. 31. 2014 Jan. 20. Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions....
please help me solve this
Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $75,000, 60-day, 36 note dated December 7. 31 Recorded an adjusting entry for accrued interest on the note of December 7. 31. Recorded the closing entry for interest revenue. 20Υ8 Feb. 5 Received payment of note and interest from...
433 Chapter 9 Receivables EX 9-24 Entries for receipt and dishonor of notes receivable Journalize the following transactions in the accounts the following transactions in the flamba Co., which ope riverboat casino: Mar. 1. Received an $80.000 60 day 626 note dated March 1 from Tomeka te dated March 1 from Tomekia Co, on account. 18. Received a $75,000, 60-day, 8% note dated March 18 from Mystic Co. on account. Apr. 30. The note dated March 1 from Tomekia Co....
The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems. Jan. 3. Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note. Feb. 10. Sold merchandise on account to Bradford & Co., $24,000. The cost of the merchandise sold was $14,400. 13. Sold merchandise on account to Dry Creek Co., $60,000. The cost of merchandise sold was $54,000. Mar. 12. Accepted a 60-day, 7% note for $24,000...
00000 Chapter 8 Homework Entries for Bad Debt Expense Under the Direct Write-Off and Allowance Methods Commu Casebolt Company wrote off the follo accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Amount Shawn Brooke $4,650 Eve Denton 5,180 Art Malloy 11,050 Cassie Yost 9,120 Total $30,000 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. Accounts Receivable x Accounts Receivable-Shawn Brooke...
Troy Canvas WebExpress T Troy Catalogs Academic Evaluat... The Knot PT Pottery Barn B Bed Bath and Bey. Tarpet eBook Show Me How Calculator Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 2013 Nov. 21. Received from McKenna Outer Wear Co., on account, a $96,000, 60-day, 3% note dated November 21 in settlement of a past due account Dec. 31. Recorded an adjusting...
OBJ. 2 s. (a) and (b). ment and that w PE 6-4A Freight terms Determine the amount to be paid in full settlement of each of two invoices, (a) and assuming that credit for returns and allowances was received prior to payment and all invoices were paid within the discount period. Freight Paid by Seller Freight Terms FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30 Returns and Allowances $15,000 Merchandise $ 90,000 110,000 $1,000 1,575 8,500 Chapter 9 Receivables...
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