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Consider the following transactions for Rural Beginnings Click the icon to view the transactions) Journalize all transactions for Rural Beginnings. Round all amounts to the
Consider the following transactions for Rural Beginnings Click the icon to view the transactions) Journalize all transactions for Rural Beginnings. Round all amounts to the nearest dollar. (For notes stated in days, u a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Oct.2: Received a $5,000, 60-day, 18% note for a sale to Utica Music. Ignore Cost of Goods Sold. Date Accounts Debit Credit 2019 Oct. 2 Dec. 1: Utica Music dishonored its note at maturity. (Prepare a single compound journal entry) Date Accounts Debit Credit 2019 Dec 1 Dec. 1: Wrote off the receivable associated with Utica Music (Use the allowance method.) Date Accounts Debit Credit 2019 Dec. 1 Dec. 30. Collected the maturity value of the Opple's Publishing note. (Prepare a single compound journal entry) Date Accounts Debit Credit 2019 Dec. 30 Consider the following transactions for Rural Beginnings. Click the icon to view the transactions.) Journalize all transactions for Rural Beginnings. Round all amounts to the nearest dollar. (For notes stated in days, um a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Oct. 2: Received a $5,000, 60-day, 18% note for a sale to Utica Music, Ignore Cost of Goods Sold. Date Accounts Debit Credit 2019 Oct. 2 Dec 1: Utica Music dishonored its note at maturity. (Prepare a single compound journal entry) Date Accounts Debit Credit 2019 Dec. 1 Dec. 1: Wrote off the receivable associated with Utica Music. (Use the allowance method.) Date Accounts Debit Credit 2019 Dec. 1 Dec. 30: Collected the maturity value of the Opple's Publishing note. (Prepare a single compound journal entry) Date Accounts Debit Credit 2019 Dec 30 21 Consider the following transactions for Rural Beginnings, (Click the icon to view the transactions.) Journalize all transactions for Rural Beginnings. 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 credita. Exclude explanations from journal entries.) A X Company s More Info 2018 Dec. 6 Received a $30,000, 90-day, 12% note in settlement of an overdue accounts receivable from AVC Company. Made an adjusting entry to accrue interest on the AVC Company note. Made a closing entry for interest revenue. Dec. 31 Dec. 31 2019 Mar. 6 Jun 30 Oct. 2 Collected the maturity value of the AVC Company note. Loaned $14,000 cash to Oppie's Publishing, receiving a six-month, 18% note. Received a $5,000, 60-day, 18% note for a sale to Utica Music.Ignore Cost of Goods Sold Utica Music dishonored its note at maturity, Wrote off the receivable associated with Utica Music. (Use the allowance method.) Dec. 1 Dec. 1 Print Done Mar 6: Collected the maturity value of the AVC Company note. (Prepare a single compound journal entry) Date Accounts Debit Credit 20 2019 Mar 6 Next
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