12-12&12-13

12-12 Brantley Food Supply Co. has the following transactions related to notes receivable during the last two months of the year: Nov. 1 Loaned $15,000 cash to Bayou Bend Restaurant on a one-year, 12 percent note. Dec. 11 Sold goods to Walker BBQ receiving a $8,000, ninety-day, 12 percent note. 16 Received a $5,000,180-day, 10 percent note on account from Jane's Bakery. 31 Accrued interest revenue on all notes receivable. Instructions Journalize the transactions for Brantley Food Supply Co. 12-13 Record the following transactions for Amy Ice Co. in the general journal: 2008 May 1 Received a $12,000, one-year, 10 percent note on account from Rosa's Hamburger. Dec. 31 Accrued interest on the note. Dec. 31 Closed the interest revenue account. 2009 May 1 Received principal plus interest on the note. (No interest has been accrued in 2009.)