Entries for notes receivable Obj. 6 The series of five transactions,

(a) through (e), recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe each transaction.

Cash Notes Receivable

(e) 76,500

(c) 75,000

(d) 75,000 Accounts Receivable Cost of Goods Sold

(a) 75,000

(c) 75,000

(b) 45,000

(d) 75,400

(e) 75,400 Inventory Interest Revenue

(b) 45,000

(d) 400

(e) 1,100 Sales

(a) 75,000 AppendixLO1