Journal entry
Date | General journal | Debit | Credit |
Dec 6 | Notes receivable | 30000 | |
Account receivable | 30000 | ||
Dec 31 | Interest receivable (30000*12%*25/360) | 250 | |
Interest revenue | 250 | ||
Dec 31 | Interest revenue | 250 | |
Income summary | 250 | ||
Mar 6 | Cash | 30900 | |
Notes receivable | 30000 | ||
Interest receivable | 250 | ||
Interest revenue | 650 | ||
June 30 | Notes receivable | 11000 | |
Cash | 11000 | ||
Oct 2 | Notes receivable | 10000 | |
Sales revenue | 10000 | ||
Dec 1 | Account receivable | 10233 | |
Notes receivable | 10000 | ||
Interest revenue (10000*14%*60/360) | 233 | ||
Dec 1 | Allowance for doubtful account | 10233 | |
Account receivable | 10233 | ||
Dec 30 | Cash | 11770 | |
Notes receivable | 11000 | ||
Interest revenue (11000*14%*6/12) | 770 | ||
204-03 mework: Homework Chapter 8 red of 50 pts 3-33A (similar to) HW Score: 9.09%, 1...