2018
dec. 6 received a s4,000, 90-day, 9% note in settlement of an overdue accounts rece...
Business, 20.01.2020 20:31 evelynnn452
2018
dec. 6 received a s4,000, 90-day, 9% note in settlement of an overdue accounts receivable from gg publishing.
31 made an adjusting entry to accrue interest on the gg publishing note.
31 made a closing entry for interest revenue.
mar. 6 collected the maturity value of the gg publishing note.
june 30 loaned $14,000 cash to providence music, receiving a six-month, 14% note.
oct.2 received a s1 ,000, 60-day, 14% note for a sale to voice publishing. ignore cost of goods sold.
dec.1 voice publishing dishonored its note at maturity.
dec.1 wrote off the receivable associated with voice publishing. (use the allowance method.)
dec. 30 collected the maturity value of the providence music note.
journalize all the transactions for renschier communication . round all amounts to the nearest dollar.
Answers: 3
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