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Cullumber Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $10,080 cash to J. Cash
Cullumber Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $10,080 cash to J. Cash on a 1-year, 5% note. 16 Sold goods to W. Jennings, receiving a $8,400,60-day, 6% note. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Cullumber Distributors. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Use 360 doys for calculatior List all debit entries before credit entries.) Cullumber Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $10,080 cash to J. Cash on a 1-year, 5% note. 16 Sold goods to W. Jennings, receiving a $8,400,60-day, 6% note. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Cullumber Distributors. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Use 360 doys for calculatior List all debit entries before credit entries.)
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