Ch. 8 Homework 3 PA8-3 Recording Notes Receivable Transactions [LO 8-3 C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $50,000 on a one-year, 8 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 points Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (f no entry is required for a transaction/event, s the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount.) elect "No Journal Entry Required" in View transaction list Print Journal entry worksheet References Record the receipt of a note on February 28, 2018 for a $50,000 lean to an employee. Note: Enter debits before credts General Journal Date Feb 28,2018 Record entry Clear entry View general journal 3 of 4 Next 3 PA8-3 Recording Notes Receivable Transactions [LO 8-3) C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $50,000 on a one-year, 8 percent note, with interest to be paid a maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 8 points Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the intere and principal payments on February 28, 2019 (If no entry is required for a transaction/event, select "No Journal Entry Required the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount) View transaction list Print Journal entry worksheet References Record the interest accrued on the note as of June 30, 2018. Note: Enter debits betfore oredits. General Journal Debit Credit Date Jun 30, 2018 Record entry Clear entry View general journal Prey 3 of 4 l Next > Ch. 8 Homework 3 PA8-3 Recording Notes Receivable Transactions [LO 8-3] C&S Marketing (CSM) recently hired a new marketing director, Jeff Onos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $50,000 on a one year, 8 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 poits Prepare the journal entry CSM will make when the note s established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019 (If no entry is required for a trensaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate celculetions. Round your final enswers to whole dollar amount) Journal entry worksheet References Record the interest accrued on the note as of December 31, 2018 Note: Enter debts before credts Dec 31 Aecoed entby Prev 3o4E Next Ch. 8 Homework Saved 3 PA8-3 Recording Notes Receivable Transactions [LO 8-3] C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $50,000 on a one-year, 8 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 points Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculetions. Round your final answers to whole doller amount.) eBook View transaction list Print Journal entry worksheet 2 References Record the receipt of the payment for interest for the peried ending February 28, 2019. Note: Enter debits before credits Date Feb 28, 2019 Record entry Clear entry View general journal K Prev 3 of 4 Next> Saved Ch. 8 Homework 3 PA8-3 Recording Notes Receivable Transactions [LO 8-3] C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $50,000 on a one-year, 8 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31. points Skpped Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first eccount field. Do not round intermediate calculations. Round your final answers to whole doller amount.) eBook View transaction list Print Journal entry worksheet References Record the receipt of the payment for the principal on the note's maturity date. Noter Enter debits before credits. Date General Journal Debit Credit Feb 28, 2019 Record entry Clear entry View general journal K Prev 3 of 4 Next>
