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Consider the following transactions for Renschler Communication (Click the icon to view the transactions.) Joumalize all transactions for Renschler Communication. Round all amounts to the
Consider the following transactions for Renschler Communication (Click the icon to view the transactions.) Joumalize all transactions for Renschler Communication. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Dec. 6: Received a $12,000, 90-day, 9% note in settlement of an overdue accounts receivable from BoE Publishing. Date Accounts Debit Credit i More Info 2018 Dec. 6 2018 Dec 6 Received a $12,000, 90-day, 9% note in settlement of an overdue accounts receivable from BoE Publishing. 31 Made an adjusting entry to accrue interest on the BoE Publishing note. 31 Made a closing entry for interest revenue. 2019 Mar. 6 Collected the maturity value of the BoE Publishing note. Jun. 30 Loaned $13,000 cash to RS Publishing, receiving a six-month, 16% note. Oct 2 Received a $5,000, 60-day, 16% note for a sale to Voice Publishing. Ignore Cost of Goods Sold Dec. 1 Voice Publishing dishonored its note at maturity. 1 Wrote off the receivable associated with Voice Publishing. (Use the allowance method.) 30 Collected the maturity value of the RS Publishing note. Print Done
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