Exercise 5-15A Record notes receivable and interest revenue (L05-7) On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,700. In payment for the services. Whole Grain Bakery signs a 10% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction is Journal entry worksheet Record the cash received on note receivable and interest otente dette before Doto General Journal Debit Credit Exercise 5-15A Record notes receivable and interest revenue (LO5-7) 5 15 DO On March 1. Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints Legal Services total $9700. In payment for the services Whole Grain Bakery signs 10% note requiring the payment of the face amount and interest to Terrell & Associates on September 1 Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1 (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field) View transaction is N Journal entry worksheet 1 2 > Record the acceptance of the note receivable for legal services provided On April 25. Foreman Electric installs wiring in a new home for $2,300 on account. However, on April 27, Foreman's electrical work does not pass inspection and Foreman grants the customer an allowance of $480 because of the problem. The customer makes full payment of the balance owed on April 30 4 Exercise 5-6A Part 4 Pant 2012 4. Calculate net revenue associated with these transactions 15 points Net reven Save & Exit SL odule 2 Chapter 5a Saved Help [The following information applies to the questions displayed below) On April 25, Foreman Electric installs witing in a new home for $2,300 on account. However, on April 27. Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $480 because of the problem The customer makes full payment of the balance owed on Apr 30, 3 Part 1 of 2 Exercise 5-6A Parts 1, 2, and 3 15 Do Required: 1.2. & 3. Record the Journal entries for the above information (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transactions Journal entry worksheet (The following information applies to the questions displayed below 3 On April 25. Foreman Electric installs wiring in a new home for $2,300 on account. However, on April 27. Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $480 because of the problem. The customer makes full payment of the balance owed on Apr 30. Part 1 of 2 Exercise 5-6A Parts 1, 2 and 3 15 Doints Required: 1.2.&3. Record the Journal entries for the above information of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field) View Bones Journal entry worksheet 1 2 5 > Record the sales allowance 252Fim. m.- H Module 2 Chapter 5a Saved Help Sas 3 The following information applies to the questions displayed below! On Apni 25, Foreman Electric installs wiring in a new home for $2,300 on account. However, on April 27. Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $480 because of the problem. The customer makes full payment of the balance owed on April 30 Part 1 of 2 Exercise 5-6A Parts 1, 2, and 3 15 Dot Required: 1.2. & 3. Record the Journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Exercise 5-4A Record credit sale and cosh collection (LO5-1, 5-2) 2 15 Dont On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,500, terms 3/10, 1/30. Grace does not pay for services until March 31, missing the 3% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the service revenise on account Exercise 5-4A Record credit sale and cash collection (LO5-1,5-2) 2 On March 12. Medical Waste Services provides services on account to Grace Hospital for $9.500, terms 3/10,n/30, Grace does not pay for services until March 31, missing the 3% sales discount Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for accrued interest Exercise 5-17A Record notes receivable and interest revenue (L05-7) 6 On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle Shoemaker agrees to lend $560,000 to its supplier using a 12 month, 12% note Required: 15 points PE 1. The loan of $560,000 and acceptance of the note receivable on April 1, 2021 2 The adjustment for accrued interest on December 31, 2021 3. Cash collection of the note and interest on April 1, 2022 Record the above transactions for Shoemaker Corporation (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet