ACCOUNTING HELP!!!

PRINTER VERSION 4 BACK NE Problem 8-8A Uli Corporation adjusts its books monthly. On September 30, 2018, notes receivable include the following: Issue Date Maker Mar. 31, 2018 RES Inc. May 31, 2018 Ihara Ltd. Aug. 31, 2018 Dragon Limited Sept. 30, 2018 MGH Corp. Principal Interest $17,600 8% 18,200 4% 6,400 5% 20,100 7% Term 7 months 18 months 2 months 16 months Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the Ihara and MGH notes. At September 30, the balance in the Allowance for Doubtful Notes account is nil. In October, the following selected transactions were completed. Oct. 1 31 31 Received the interest due from Ihara. Received notice that Dragon was unable to pay its note as scheduled. It expects to be able to pay in the future. The RES note matured and was received in full. Accrued interest on the Ihara and MGH notes. Analyzed the remaining notes for collectibility. Estimated that $18,200 of notes may not be collectible in the future because of significant labour issues currently being experienced by Ihara. 31 31 Calculate the balance in the Interest Receivable and Notes Receivable accounts at September 30, 2018. (Round answers to 0 decimal places, e.g. 5,275.) Balance in the Interest Receivable 856 $ Balance in the Notes Receivable 62300 Record the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 PRINTER VERSION BACK NEXT Calculate the balance in the Interest Receivable and Notes Receivable accounts at September 30, 2018. (Round answers to 0 decimal places, e.g. 5,275.) Balance in the Interest Receivable 856 $ Balance in the Notes Receivable 62300 $ Record the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 Oct. 31 Accounts Receivable 6454 Notes Receivable 6400 Interest Receivable 27 Interest Revenue 27 (To record dishonoured note; eventual collection expected) Cash 18421 Notes Receivable 17600 Interest Receivable 704 Interest Revenue 117 (To record collection of note and interest) JS Financias tem aunting. Serenith Canadian Edition by Kimmel, Weygande, Kieso, Trenholm, Irvine, and Burnley PRINTER VERSION Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 Oct. 31 Accounts Receivable 6454 Notes Receivable 6400 Interest Receivable 27 Interest Revenue 27 (To record dishonoured note; eventual collection expected) Cash 18421 Notes Receivable 17600 Interest Receivable 704 Interest Revenue 117 (To record collection of note and interest) Interest Receivable 163 Interest Revenue 163 (To record accrual of interest) Bad Debts Expense 18200 Allowance for Doubtful Accounts 18200 (To record estimate of uncollectible notes) PRINTER VERSION notes) CES er (1) Prepare T accounts for the Interest Receivable, Notes Receivable, and Allowance for Doubtful Notes accounts, (2) enter the opening balances, (3) post the entries recorded above, and (4) deterr balances. (Post entries in the order of journal entries presented in the previous part. Round answers to 0 decimal places, e.g. 5,275.) 3-3 3 Interest Receivable Oct. 1 856 Oct. 1 46 Oct. 31 163| Oct. 31 27 Oct. 31 704 udy. Bal. 163 Notes Receivable Oct. 1 V 62300 | Oct. 31 v 6400 17600 Bal. 38300 Allowance for Doubtful Notes Oct. 31 v 18200 Bal. 18200 Show the statement of financial position presentation of the receivables accounts at October 31. (Round answers to 0 decimal places, e.g. 5,275.) ILICONORATTON PRINTER VERSION 4 BACK NEXT Bal. 38300 Allowance for Doubtful Notes Oct. 31 18200 Bal. 18200 Show the statement of financial position presentation of the receivables accounts at October 31. (Round answers to 0 decimal places, e.g. 5,275.) ULI CORPORATION Statement of Financial Position (partial) October 31, 2018 Assets Non-Current Assets $ $ Current Assets PRINTER VERSION 4 BACK NE Problem 8-8A Uli Corporation adjusts its books monthly. On September 30, 2018, notes receivable include the following: Issue Date Maker Mar. 31, 2018 RES Inc. May 31, 2018 Ihara Ltd. Aug. 31, 2018 Dragon Limited Sept. 30, 2018 MGH Corp. Principal Interest $17,600 8% 18,200 4% 6,400 5% 20,100 7% Term 7 months 18 months 2 months 16 months Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the Ihara and MGH notes. At September 30, the balance in the Allowance for Doubtful Notes account is nil. In October, the following selected transactions were completed. Oct. 1 31 31 Received the interest due from Ihara. Received notice that Dragon was unable to pay its note as scheduled. It expects to be able to pay in the future. The RES note matured and was received in full. Accrued interest on the Ihara and MGH notes. Analyzed the remaining notes for collectibility. Estimated that $18,200 of notes may not be collectible in the future because of significant labour issues currently being experienced by Ihara. 31 31 Calculate the balance in the Interest Receivable and Notes Receivable accounts at September 30, 2018. (Round answers to 0 decimal places, e.g. 5,275.) Balance in the Interest Receivable 856 $ Balance in the Notes Receivable 62300 Record the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 PRINTER VERSION BACK NEXT Calculate the balance in the Interest Receivable and Notes Receivable accounts at September 30, 2018. (Round answers to 0 decimal places, e.g. 5,275.) Balance in the Interest Receivable 856 $ Balance in the Notes Receivable 62300 $ Record the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 Oct. 31 Accounts Receivable 6454 Notes Receivable 6400 Interest Receivable 27 Interest Revenue 27 (To record dishonoured note; eventual collection expected) Cash 18421 Notes Receivable 17600 Interest Receivable 704 Interest Revenue 117 (To record collection of note and interest) JS Financias tem aunting. Serenith Canadian Edition by Kimmel, Weygande, Kieso, Trenholm, Irvine, and Burnley PRINTER VERSION Date Account Titles and Explanation Debit Credit Oct. 1 Cash 46 Interest Receivable 46 Oct. 31 Accounts Receivable 6454 Notes Receivable 6400 Interest Receivable 27 Interest Revenue 27 (To record dishonoured note; eventual collection expected) Cash 18421 Notes Receivable 17600 Interest Receivable 704 Interest Revenue 117 (To record collection of note and interest) Interest Receivable 163 Interest Revenue 163 (To record accrual of interest) Bad Debts Expense 18200 Allowance for Doubtful Accounts 18200 (To record estimate of uncollectible notes) PRINTER VERSION notes) CES er (1) Prepare T accounts for the Interest Receivable, Notes Receivable, and Allowance for Doubtful Notes accounts, (2) enter the opening balances, (3) post the entries recorded above, and (4) deterr balances. (Post entries in the order of journal entries presented in the previous part. Round answers to 0 decimal places, e.g. 5,275.) 3-3 3 Interest Receivable Oct. 1 856 Oct. 1 46 Oct. 31 163| Oct. 31 27 Oct. 31 704 udy. Bal. 163 Notes Receivable Oct. 1 V 62300 | Oct. 31 v 6400 17600 Bal. 38300 Allowance for Doubtful Notes Oct. 31 v 18200 Bal. 18200 Show the statement of financial position presentation of the receivables accounts at October 31. (Round answers to 0 decimal places, e.g. 5,275.) ILICONORATTON PRINTER VERSION 4 BACK NEXT Bal. 38300 Allowance for Doubtful Notes Oct. 31 18200 Bal. 18200 Show the statement of financial position presentation of the receivables accounts at October 31. (Round answers to 0 decimal places, e.g. 5,275.) ULI CORPORATION Statement of Financial Position (partial) October 31, 2018 Assets Non-Current Assets $ $ Current Assets