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Asap! Skysong Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. Nov. 1 Loaned $17,600 cash to
Asap! Skysong Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. Nov. 1 Loaned $17,600 cash to Soozie Takham on a 1-year, 10% note. Sold goods to Joe Trater, Inc., receiving a $7,875, 90-day, 8% note. Received a $5,280, 6-month, 9% note in exchange for Boba Fett's outstanding accounts receivable. Accrued interest revenue on all notes receivable. Dec. 11 Dec. 16 Dec. 31 (a) Journalize the above transactions for Skysong Supply Co. Omit cost of goods sold entries. (Round interest revenue to O decimal place, e.g. 591. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Use 360 days for calculation.) Date 2022 > Account Titles and Explanation Debit Credit
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