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april 1st 2020 a company sold $18,000 of merchandise costing $5400 to a customer by accepting a 7% five month note in payment. company used

april 1st 2020 a company sold $18,000 of merchandise costing $5400 to a customer by accepting a 7% five month note in payment. company used a perpetual inventory system. company had a july 31 year end, interest is due at maturity

record journal entry for sale on april 1st

record journal entry for july 31st (year end)

record journal entry for the company on sept 1 when the note matures

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