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15. Here's the Notes Receivable general ledger account of the Jane Miller Cosmetics Company. Notes Receivable DATE P.R. DEBIT DATE P.R. CREDIT 20XX Jan. 2
15. Here's the Notes Receivable general ledger account of the Jane Miller Cosmetics Company. Notes Receivable DATE P.R. DEBIT DATE P.R. CREDIT 20XX Jan. 2 P. Manville, 60-day 50 0 0 20XX Feb. 2 P. Manville, Disc. 50 00 Feb. 16 J. Thomas, 90-day 90 0 0 Apr. 8 C. Miller, Disc. 60 0 0 Apr. 6 C. Miller, 120-day 60 0 0 - May 17 J. Thomas, Paid 90 0 0 June 8 F. Dark, 30-day 4 50 0 July 8 F. Dark, Paid 150 0 July 28 T. French, 120-day 80 0 0 July 29 T. French, Disc. 8 0 0 0 Aug. 15 J. Jones, 90-day 30 0 0 Aug. 28 J. Jones, Disc. 3 0 0 0 Oct. 10 B. Merrill, 30-day 2 0 0 0 All notes due on or before October 31 were paid when due. The October 31, 20X1, balance sheet of the Jane Miller Cosmetics Company must carry a notation that, at October 31, 20X1, the company was contingently liable for notes receivable discounted in the amount of A. $2,000. C. $13,000. B. $11,000. D. $22,000
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