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Consider the following transactions for Brown's Music. 1) (Click the loon to view the transactions.) iournalize all transactions for Brown's Music. Round all amounts to
Consider the following transactions for Brown's Music. 1) (Click the loon to view the transactions.) iournalize all transactions for Brown's Music. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final inswers to the noarest whole dollar. Record debits first, then credits. Exclude explanations from joumal entries.) More info Dec. 6: Received a $15,000,90-day, 6% note in settlement of an overdue accounts receivable from Free World Music. Dec. 31: Made an adjusting entry to accrue interest on the Free World Music note. Dec. 31: Made a closing entry for interest revenue. Jun. 30: Loaned $13,000 cash to Johnathon's Publishing, receiving a six-month, 14% note. Oct. 2: Received a $1,000,60-day, 14% note for a sale to Ying Yang Music. Ignore Cost of Dec. 1: Ying Yang Music dishonored its note at maturity. (Prepare a single compound journal entry.) Dec. 1: Wrote off the receivable associated with Ying Yang Music. (Use the allowance method.) Dec. 30: Collected the maturity value of the Johnathon's Publishing note. (Prepare a single compound joumal entry.)
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