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Additional Exercise 193 Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account titles are automatically indented when the

image text in transcribedimage text in transcribed Additional Exercise 193 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.) 2017 June 1 Received a $10,000, 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 . 2018 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2018 Date Account Titles and Explanation 2017 202 June 1 212 132 Stude Now 1 7 N DMC. 31 2018 Debit Credit 2018 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2018. Date Account Titles and Explanation Debit Credit 2017 June 1 Nov. 1 90 Nov. 5 193 208 Nov. 9 202 212 Exercise 197 Dec. 31 ercise 218 2018 June 1 Its by Study

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