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Cambria Limited took a $200,000 two-year note recelvable from a customer in connection with a major inventory sale transaction on 1 January 20x5. he note
Cambria Limited took a $200,000 two-year note recelvable from a customer in connection with a major inventory sale transaction on 1 January 20x5. he note required annual end-of-year interest payments of 5%, and the principal was due at the end of 2088. (PV of S1, PVA ot $1, and PVAD of $1.)(Use appropriate factors) from the tables provided.) Required: 1. Prepare uma entries to ecord the in sale t ansaction and each payment on the books of Ca tra assuming that the mane transactionevent, select "No journal entry required" in the first account field. amount) terest rate s 5% r no entry is required for a Round time value factor to 5 decimat places and final answers to the nearest whole dollar View transaction list View journal entry worksheet Date General Journal Debit Credit January Notes receivable 20x5 200,000 Sales revenue 200,000 31 20x rst receivable Cash
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