#25

Samberg Inc. had the following transactions 5. Oct 1 - Sold $19,000 of merchandise on account, 1/10, 1/30 to McCormick Industries b. Nov. 1 - Received a $19,000, 90-day, 10% note from McCormick Industries to settle its $19,000 unpaid balance c. Dec 31 - Accrued Interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan. 31 - Received the interest on the note's maturity date. e. Jan. 31 - Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries View transaction list Journal entry worksheet Pustries. B Record the entry for acceptance of promissory note in exchange of accounts receivable from McCormick Industries. c Record the entry for interest accrued on promissory note received from McCormick Industries. Credit D Record the entry for interest received, from McCormick Industries, on the note's matunty date. E Record the entry for payment received from McCormick Industries the principal on the note's maturity date. journal entry has been entered Note : Record entry Clear entry View general joumal