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11. The following transactions occurred during 2018 for Misty Movers. The company ends its accounting year on December 31. May 15 Performed services on account
11. The following transactions occurred during 2018 for Misty Movers. The company ends its accounting year on December 31. May 15 Performed services on account for Dereks Rentals, $12,500 Aug. 1 Received $500 cash and a $12,000, 3-month, 9% note from Dereks Rentals in satisfaction of its past-due account receivable Nov. 1 Collected the Dereks Rentals note at maturity Prepare the journal entries to record Misty Movers transactions. Include descriptions. Date Accounts and Explanation Debit Credit
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