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and I also need Dec 16 and Dec 31, it is part of the question. thank you Oct 1 Dec 6 16 31 Loaned $20,000
and I also need Dec 16 and Dec 31, it is part of the question.
thank you
Oct 1 Dec 6 16 31 Loaned $20,000 cash to Carl Fajar on a one-year, 8% note Performed service for Green Pro, receiving a 90-day, 7% note for $15,000. Received a $5,000, six-month, 5% note on account from Weston, Inc. Accrued interest revenue for the year. Requirement 1. Record the preceding note receivable transactions in the journal of Mediterranean Services. How much interest revenue did Mediterranean earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. Mediterranean Services has a(n) December 31 fiscal year-end. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 1. Record the preceding note receivable transactions in the journal of Mediterranean Services. Oct 1 Loaned $20,000 cash to Carl Fajar on a one-year, 8% note. Journal Entry Date Accounts Debit Credit Oct Dec 6 Performed service for Green Pro, receiving a 90-day, 7% note for $15,000 Journal Entry Accounts Date Debit Credit Dec 6Step by Step Solution
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