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3 of 4 (3 complete) More Info -X 2018 Dec. 6 Received a $12,000, 90-day, 12% note in settlement of an overdue accounts receivable from
3 of 4 (3 complete) More Info -X 2018 Dec. 6 Received a $12,000, 90-day, 12% note in settlement of an overdue accounts receivable from AM Publishing. 31 Made an adjusting entry to accrue interest on the AM Publishing note. 31 Made a closing entry for interest revenue. 2019 Mar. 6 Collected the maturity value of the AM Publishing note. Jun 30 Loaned $10,000 cash to Johnathon's Publishing, receiving a six-month, 14% note. Oct. 2 Received a $7,000, 60-day, 14% note for a sale to Taconic Music, Ignore Cost of Goods Sold Dec. 1 Taconic Music dishonored its note at maturity. 1 Wrote off the receivable associated with Taconic Music. (Use the allowance 'method.) 30 Collected the maturity value of the Johnathon's Publishing note, Print Done o RE $ 3 of 4 (3 complete) More Info -X 2018 Dec. 6 Received a $12,000, 90-day, 12% note in settlement of an overdue accounts receivable from AM Publishing. 31 Made an adjusting entry to accrue interest on the AM Publishing note. 31 Made a closing entry for interest revenue. 2019 Mar. 6 Collected the maturity value of the AM Publishing note. Jun 30 Loaned $10,000 cash to Johnathon's Publishing, receiving a six-month, 14% note. Oct. 2 Received a $7,000, 60-day, 14% note for a sale to Taconic Music, Ignore Cost of Goods Sold Dec. 1 Taconic Music dishonored its note at maturity. 1 Wrote off the receivable associated with Taconic Music. (Use the allowance 'method.) 30 Collected the maturity value of the Johnathon's Publishing note, Print Done o RE $
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