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Chines The following data reate to notes receivable and interest for Owens Co, a financial services company. (Alees are dated as of the day they
Chines The following data reate to notes receivable and interest for Owens Co, a financial services company. (Alees are dated as of the day they are received) Asume 3 Gays in a year Mar. Received a $72,000,6%. 60-day note on account 31 Received a $15,000, 79, 90-day note on account May 2 Received $72,720 on note of March 8. 16 Received a $60,000, 8%, 90-day note on account. June 11 Received a $42,000, 9%, 30-day note an account 29. Received $18,315 on note of March 31. July 26. Received $42,315 on note of June 11. Received a $10,000, 10%, 30-day note on account 14 Received $61,200 on note of May 16. Dec. 2 Received $10,890 or note of August 4. Requiredt Aug. 4 Journalize the entries to record the transactions. If an amount box does not require an entry leave it bank Mar 8 Mar. 31 Days II III II II III III INITION A Mar. 31 May 7 July 26 June 29 July 26 Aug. 4 III III II II III Aug. 14 Dec. 2
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