Journal entry
Date | account and explanation | Debit | Credit |
Nov 1 | Notes receivable-C.Bohr | 64200 | |
Cash | 64200 | ||
Dec 11 | Notes receivable-K.R.Pine | 7200 | |
Sales revenue | 7200 | ||
Dec 16 | Notes receivable-A.Murdock | 16800 | |
Account receivable | 16800 | ||
Dec 31 | Interest receivable | 969 | |
Interest revenue | 969 | ||
Part of it got cut off. the rest is journal entries to debit and credit Your answer is partially correct. Try again...
Exercise 8-10 Sheffield Corp. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.) Nov. 1 Loaned $62,400 cash to C. Bohr on a 12-month, 796 note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 796 note. Dec. 16 Received a $9,600, 180-day, 8% note to settle an open account...
Moses Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. 31 Accrued interest revenue on all...
RCES Exercise 8-10 Skysong, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.) Nov. 1 Loaned $55,200 cash to C. Bohr on a 12-month, 6% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 6% note. Dec. 16 Received a $16,800, 180-day, 11% note to settle an open...
Moses Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A Murdock. 31 Accrued interest revenue on...
Current Attempt in Progress Oriole Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $54,600 cash to C. Bohr on a 12-month, 7% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 7% note. 16 Received a $14,400, 180-day, 6% note to settle an open account from A Murdock 31 Accrued...
Exercise 8-11 Sheridan Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $63,000 cash to C. Bohr on a 12-month, 8% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 5% note. 16 Received a $12,000, 180-day, 7% note to settle an open account from A. Murdock. 31 Accrued interest revenue...
Sheridan Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31 .Nov. 1 Loaned $ 55,800 cash to C. Bohr on a 12-month, 5 % note.Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $ 5,400,90-day, 6 % note.16 Received a $ 19,200,180-day, 12 % note to settle an open account from A. Murdock.31 Accrued interest revenue on...
narks Window Help 75% learn.wileyplus.com oridan Co. has the following transactions related to notes receivable during the last 2 months of the year. The compan crue interest except at December 31. eridan Co. Has The Following v. 1 Loaned $55,800 cash to C. Bohr on a 12-month, 5% note. 20. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 6% note. 16 Received a $19,200, 180-day, 12% note to settle an open account from A. Murdock. 31...
accrued interest Practice Question 4 < Previous Reset Ne View Policies Show Attempt History Current Attempt in Progress Your Answer Correct Answer - Your answer is partially correct. Skysong, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.) Nov. 1 Loaned $55.200 cash to C. Bohr on a 12-month, 6% note. Dec 11 Sold...
Exercise 8-13 Partially correct answer. Your answer is partially correct. Try again. Record the following transactions for Cullumber Company in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Record the following transactions for Cullumber Company in the general journal. (Credit account titles are automatically indented w problem.) 2019 1 Received a $6,000, 12-months, 8% note in exchange for Mark Chamber's outstanding...