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Exercise 212 a-b Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Dec. 11
Exercise 212 a-b Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Dec. 11 Loaned $24,000 cash to Simone Buil on a 1-year, 7% note. Sold goods to Dac Jo, Inc., receiving a $12,000, 90-day, 3% note. Received an $18,000, 6-month, 8% note in exchange for Jason Tanner's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 16 31 Record the collection of the Buil note at its maturity in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1
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