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Book Printem Notes receivable entries Instructions Chart of Accounts Journal Instructions The following data relate to notes receivable and interest for CGH Cable Co.,
Book Printem Notes receivable entries Instructions Chart of Accounts Journal Instructions The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are cated as of the day they are received) Apr. 10. May 15 June 9. Aug 22 Sept 12 30. Oct. 6. 18 Nov 29. Dec. 17 Required: Received a $144,000, 5%, 60-day note on account. Received a $270,000, 7%, 120-day note on account. Received $145,200 on note of April 10. Received a $150,000, 4%, 45-day note on account Received $276,300 on note of May 15. Received a $210,000, 8%, 60-day note on account. Received $150,750 on note of August 22. Received a 120,000, 5%, 60-day note on account Received $212,800 on note of September 30. Received $121,000 on note of October 18 Joumalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest. G
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