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Accounting for Notes Receivable Yamel Bedronics sels computer systems to sul businesses. Yamel engaged in the following activities involving notes receivable a. On September
Accounting for Notes Receivable Yamel Bedronics sels computer systems to sul businesses. Yamel engaged in the following activities involving notes receivable a. On September 1, Yamell sold a $5,000 system to Ross Company. Ross gave Yamel a 6-month, 11% note as payment. b. On December 1, Yamel sold an $7,300 system to Searfoss The Seirfoss gave a 9-month, 10% note as payment c. On March 1, On March 1, Ross paid the amount due on its note. d. On September 1, Searfoss paid the amount due on its note Required Prepare the recessary journal and adjusting entries for Yarnet Electronics to record these transactions. If an amount box does not require an entry, inave it blank. If required, round your answers to two decimal places Note from Ross Company Sept. 1 Notes Teceivable Sales Reverys (Racord sale Dec 31 Taceholde Mar 1 Sales Anverse (Record accrued interest income) Interest Payali Notes Pecati Racord collection of note recehale Note from Searfoss Inc. box do not requery a tak. If required, round your answers to two decimal places. Dec Des. 31 (Recordside) M
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