4. Oct 1. Rose Inc sold $100,000 of imported leather gloves to Africano Imports. The cost of goods sold was $68,000. Terms of sale was 2/10, n/30. Oct 30. Africano imports issued a 45 day note to Rose Inc for the amount due with an interest rate of 9%. This allows Africano more time to sell the goods and pay the amount due. Due date ------ The note is paid in full by Africano Imports. Write the entries that both parties need to for the above transactions. B. If the note was for 120 days, can you write the adjusting entries for Dec 31 for both parties

Oct 1. Rose Inc sold $100,000 of imported leather gloves to Africano Imports. The cost of goods sold was $68,000. Terms of sale was 2/10,n/30. Oct 30. Africano imports issued a 45 day note to Rose inc for the amount due with an interest rate of 9%. This allows Africano more time to sell the goods and pay the amount due. Due date .....- The note is paid in full by Africano imports. Write the entries that both parties need to for the above transactions. B. If the note was for 120 days, can you write the adjusting entries for Dec 31 for both parties