m x WileyPLUS Secure https:/ Return to Blackboa IS Weygandt, Accounting Principl
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m x WileyPLUS Secure https:/ Return to Blackboa IS Weygandt, Accounting Principles, 12e Helo I Sestem Announcements (Unread Sart Tne 04123 /mainings 138 min Problem 9-7A ón January 1, 2017, Harter Company had Accounts Receivable $129,800, Notes Receivable $32,400, and Allowance for Doubtful Accounts $21,000. annually at December 31. During the year, the following selected transactions occurred. Jan, 5 Sold $28,400 of merchandise to Sheldon Company, terms n/15 20 Accepted Sheldon Company's $28,400, 3-month, 6% note for balance due. Feb. 18 Sold $18,200 of merchandise to Patwary Company and accepted Patary's S18,200, 6month, 7% note for the amount de. Apr. 20 Collected Sheldon Company note in full. 30 Received payment in full from Willingham Company on the amount due. May 25 Accepted Potter Ines S 16.000, 3-month, 7% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Patwary Company on note due. 25 Sept. 1 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated Sold $13,800 of merchandise to Stanbrough Company and accepted a $13,800, 6-month, 8% note for the amount due. lournalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record a Date Account Titles and Explanation Debit CreditExplanation / Answer
Date Account Titles and Explanation Debit Credit Jan 5 Accounts Receivable 28400 Sales Revenue 28400 Jan 20 Notes Receivable 28400 Accounts Receivable 28400 Feb 18 Notes Receivable 18200 Sales Revenue 18200 Apr. 20 Cash 28826 Notes Receivable 28400 Interest Revenue 426 Apr. 30 Cash 33156 Notes Receivable 32400 Interest Revenue 756 May 25 Notes Receivable 16000 Accounts Receivable 16000 Aug 18 Cash 18837 Notes Receivable 18200 Interest Revenue 637 Aug 25 Accounts Receivable 16280 Notes Receivable 16000 Interest Revenue 280 Sept 1 Notes Receivable 13800 Sales Revenue 13800
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