Question
Exercise 212 a-b (Part Level Submission) Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov.
Exercise 212 a-b (Part Level Submission) Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Loaned $24,000 cash to Simone Buil on a 1-year, 7% note. Dec. 11 Sold goods to Dac Jo, Inc., receiving a $12,000, 90-day, 3% note. 16 31 Received an $18,000, 6-month, 8% note in exchange for Jason Tanner's outstanding accounts receivable. Accrued interest revenue on all notes receivable. (a) Journalize the transactions for Jasmine's Supply Co. (Credit account titles are automatically indented wher Date Account Titles and Explanation Nov. 1 Notes Receivable Cash Dec. 11 Notes Receivable Sales Revenue Dec. 16 Notes Receivable Accounts Receivable Dec. 31 Interest Revenue Interest Revenue Debit Credit 24000 24000 12000 12000 18000 480 Click if you would like to Show Work for this question: Open Show Work 18000 480 (b) Record the collection of the Buil note at its maturity in 2021. (Credit account titles are automatically indented Date Account Titles and Explanation Debit Credit Nov. 1 Chow Work
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