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Allen Distributors has the following transactions related to notes receivable during the last two months of the year. Dec. 1 Loaned $18,000 cash to K.
Allen Distributors has the following transactions related to notes receivable during the last two months of the year. Dec. 1 Loaned $18,000 cash to K. Perryon a 1 -year, 5% note. 16 Sold goods to L. Bryan, receiving a $4,800,60-day, 7% note. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Allen Distributors, Omit cost of goods sold entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. Date Account Titles and Explanation Debit Credit
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