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#3: worth 12 points Famset Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does
#3: worth 12 points Famset Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Sept. 1 Loaned $13,200 cash to Casco, Inc. on a 12-month, 6% note. Dec. 1 Dec. 16 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 8% note. Received a $32,000, 180-day, 5% note to settle an open account from A. Murdock. Dec. 31 Accrued interest revenue on all notes receivable. Requirement: Journalize the transactions for Famset Co. (Omit cost of goods sold entries.) (Use 360 days for calculation.). Sept. 1 Dec 11 Dec 16 Dec 31 lculations for Interest Calculations Must be Shown Below for Credit: More Edit
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