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Equipos y Ms is an electronic equipment company and had several notes receivable. Journalizes the entries of the following accounts receivable: Fecha Transaccin February 10
Equipos y Ms is an electronic equipment company and had several notes receivable. Journalizes the entries of the following accounts receivable:
Fecha | Transaccin |
February 10 | A note receivable was received for $150,000 with a term of 4% and 60 days for payment. |
March 12 | A note receivable was received for $185,000 with a term of 6% and 120 days for payment. |
April 3 | $150,866.84 of the note receivable of February 10 was received. |
May 16 | A note receivable of $125,000 was received with a term of 5% and 40 days for payment. |
June 2 | $187,528 of the note receivable of March 12 was received. |
October 11 | A note payable of $210,000 was received with a term of 8% and 90 days for payment. |
November 11 | $211,447 of the account receivable from October 11 was received. |
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