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D Question 6 Byrde Industries had the following transactions occur: 15 pts Nov. 1: Accepted a $81,000, 75 day, 5% note from Ruth Langmore in
D Question 6 Byrde Industries had the following transactions occur: 15 pts Nov. 1: Accepted a $81,000, 75 day, 5% note from Ruth Langmore in granting a time extension on her past-due account receivable. Dec. 31: Adjusted the year-end accounts for the accrued interest earned on the note Next year: Ruth Langmore honored the note on its due date. Use this information to answer the following questions. Assume 360 days in a calendar year Round all answers to the nearest dollar. 1. Provide the journal entry Byrde records on November 1. If no entry is required type No Entry 2. Provide the journal entry Byrde records on December 31. If no entry is required type No Entry 3. Provide the date and the journal entry Byrde records on the date the note is honored. If no entry is required type No Entry
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