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5 of 5 View Policies Current Attempt in Progress Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account
5 of 5 View Policies Current Attempt in Progress Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2020 _ June 1 Received a $10,$00,12%,1-year note from Andrea Foley as full payment on her account. Nov. 1 Sold merchandise on account to Patton, Inc. for $12,000, terms 2//10,n//30. Nov. 5 Patton, Inc. returned merchandise worth $500. Nov. 9 Received payment in full from Patton, Inc. Dec. 31 Accrued interest on Foley's note. 2021 _ June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2021. Date Account Titles
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