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Current Attempt in Progress The following are notes receivable transactions for Cullumber Co : May 1 Received a $12.000, six-month, 6% note from Jioux Company

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Current Attempt in Progress The following are notes receivable transactions for Cullumber Co : May 1 Received a $12.000, six-month, 6% note from Jioux Company in settlement of an account receivable. Interest is due at maturity. June 30 Accrued interest on the Jioux note, at Cullumber's year end. Adjustments are recorded annually. July 31 Lent $3,600 cash to anemployee. Noreen irvine, receiving a two-month, 5% note. Interest is due at the end of each Aug 35 Received the interest due from Ms. Irvine. Sept. 30 Received payment in full from Ms. Irvine. Mor. 1 lioux Company defaulted on its note. Cullumber does not expect to collect on the note. Ricord the transactions for Culiumber Co. Cullumber Co. uses only one aliowance account for bothaccounts and notes receivable. (Credit account tities are outematicolly indented when the amount is entered. Do not indent manualli. If no entry is required, select "No Entry" for the account tities and enter ofor the amounts List all debit entries before credit entries. Round answers to 0 decimal places, eg. 5,276 . Pecord joumal entries in the order presented in the problem.) Question 5 of 5 Date Account Titles Debit Credit

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