Score: 0.7 of 4 pts 47 of 8(7 complete) HW Score: 70 & P8-31A (similar to Comty

Question

Score: 0.7 of 4 pts 47 of 8(7 complete) HW Score: 70 & P8-31A (similar to Comty Recliner Chairs completed the following selected transactions (Click the loon to view tho transactions.) Record the transactions in the joumal of Comty Recliner Chairs. explanations from journal entrios.For notos stated in days, use a 365-day year.) Explanations are nat required.(Round to tho nearest dollar) (Record debils frat, Debit 2018 Oct. 31 Cash 23,000 Sales Revenue 23,000 Dec. 31: Made an adjusting entry to accrue interest on the Great - Mart nole. Date 2018 Dec. 31 Debit Credit Interest Receivable Interest Revenue Choose from any list or enter any number in the input fields and then click Check Answer 0zvremaining Clear All Final Check MacBook Air 2 4

Explanation / Answer

Debit Credit 01-Jul Notes receivable 37000                Sales revenue 37000 31-Oct Cash 23000                Sales revenue 23000 31-Dec Interest receivable 1480 (37000*8%*6/12)                Interest revenue 1480 31-Dec Bad debt expense 4000 (14200-10200)                Allowance for doubtful accounts 4000 01-Apr Cash 39220               Interest receivale 1480              Interest revenue 740 (37000*8%*3/12)             Notes receivable 37000 23-Jun Notes receivable 9000              Sales revenue 9000 22-Aug Accounts receivable 9135               Notes receivable 9000               Interest revenue 135 (9000*9%*60/360) 16-Nov Notes receivable 23000                Cash 23000 05-Dec Cash 9135            Accounts receivable 9135 31-Dec Interest receivable 287.5 (23000*10%*45/360)                Interest revenue 287.5

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.