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Exercise -12 Dramble upely Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make
Exercise -12 Dramble upely Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make untries to accrue interest except at December Nov, 1 baned $13,200 cash to Manny Lopes on a 12 month, 10% note Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $24.750, 90 day, 8 notes 16 Received a $29,100, 180 day, I note in exchange for Joe Fernetti's outstanding accounts receivable 31 Accrued interest revenue on all notes receivable Journate the transactions for Bramble Supply Co. Conore entries for cost of goods sold. (Credit account titles are automatically indented when amount i ferd Donat indent manually. Use 360 days for calculation Round answers to decimal places, s. 5,275. Record journal entries in the order presented in the problem.) Darts Account Titles and Explanation Det Credit Record the collection of the Lopez note at its maturity in 2021. (Credit accounteities are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation) Date Account Titles and Explanation Debit Credit Nov. 1 Click if you would like to show Work for this questions Open Show.Work SHOW UNT OF ACCOUNTS
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