notes receivable entries eAssignmentMain.doinvoker-inished&takeAssignmentSession
ID: 2514278 • Letter: N
Question
notes receivable entries
eAssignmentMain.doinvoker-inished&takeAssignmentSessionLocator-assignment-take;&inprogress-false; eBook Calculaio Print Item The folowing data relate to notes receivable and interest for CGH Cable Co, a cable manufactuner and suppler (ll notes are daked as of the day they are recehved) oumaleore the enties ho seoed the ransacthons Reter to Me Chaxt of Accounts tr eaact wordng of aec or s to the nearest whole dolty Apr 10. Received a $141/00,5%,"diymde on account May 15 Recewed a$297,600, 8% , 120-day note on krout. ine9 Reerved $142,r80 on note of April 10 An, 22. Recerved a S 146,000 3% 45-day note on acort Sept 12 Receved $305,536 on note of May 15 JOUNA POST Received a $195.000, 9% ea-day rd, Recaived $146 548 on note of August 22 n account Oct 6 18. Reared a 142300, 6%, 60 day note on account Nw2a Roerved $re7.925?n no. of September 30 Dec 17 Reived $144,228 on note of October 18 Joumakze the entres to recond the transacions Refer to the Chart of Accours ract wordng of accownt Stles Assume a 300 day yeor whent ealcustng enterest t> NextExplanation / Answer
Journal entries:
Debit Credit Apr-10 Notes receivable 141,600 Accounts receivable 141,600 May-15 Notes receivable 297,600 Accounts receivable 297,600 Jun-09 Cash 142,780 Notes receivable 141,600 Interest revenue 1,180 Aug-22 Notes receivable 146,000 Accounts receivable 146,000 Sep-12 Cash 305,536 Notes receivable 297,600 Interest revenue 7,936 Sep-30 Notes receivable 186,000 Accounts receivable 186,000 Oct-06 Cash 146,548 Notes receivable 146,000 Interest revenue 548 Oct-18 Notes receivable 142,800 Accounts receivable 142,800 Nov-29 Cash 187,826 Notes receivable 186,000 Interest revenue 1,826 Dec-17 Cash 144,228 Notes receivable 142,800 Interest revenue 1,428Related Questions
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