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6. The company pledged its $10,000 notes receivables to a bank and received a loan of $8,500. The note is NOT paid on the maturity.
6. The company pledged its $10,000 notes receivables to a bank and received a loan of $8,500. The note is NOT paid on the maturity. The company protested the note, nottery fee $2. Paid the bank the principal amount of the loan plus $1,200 interest. 7. The company discounted its notes receivables for $5,000 and collected $4,400. This note is paid on maturity. 8. The company gave its $60,000 note receivable to a bank for collection. The note is not paid on maturity. Bank returned the note. The company protested the note, nottery fee $10. 9. Improvements were made to the leased warehouse on 1.July. 2021 at a cost of $18,000. The estimated life of the improvement is ten years. Lease contract terminates on 31. December. 2026. Make necessary entries as of 31.12 .202 land 31.12 .2022 . 6. The company pledged its $10,000 notes receivables to a bank and received a loan of $8,500. The note is NOT paid on the maturity. The company protested the note, nottery fee $2. Paid the bank the principal amount of the loan plus $1,200 interest. 7. The company discounted its notes receivables for $5,000 and collected $4,400. This note is paid on maturity. 8. The company gave its $60,000 note receivable to a bank for collection. The note is not paid on maturity. Bank returned the note. The company protested the note, nottery fee $10. 9. Improvements were made to the leased warehouse on 1.July. 2021 at a cost of $18,000. The estimated life of the improvement is ten years. Lease contract terminates on 31. December. 2026. Make necessary entries as of 31.12 .202 land 31.12 .2022
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