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Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amoun
URCES Exercise 9-12 a-b (Part Level Submission) Tamarisk Supply Co. has the following transactions related to notes receivabl
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Answer #1
Date Account Titles Debit Credit
Nov 1 Cash 11200
     Interest Receivable 200 =10000*12%*2/12
     Interest Revenue 1000 =10000*12%*10/12
     Notes Receivable 10000
1 1
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