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Exercise 8-10 Windsor, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make
Exercise 8-10
Windsor, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.)
Nov. 1 | Loaned $56,400cash to C. Bohr on a 12-month,6% note. |
Dec. 11 | Sold goods to K. R. Pine, Inc., receiving a $7,200,90-day,7% note. |
Dec. 16 | Received a $4,800,180-day,10% note to settle an open account from A. Murdock. |
Dec. 31 | Accrued interest revenue on all notes receivable. |
Journalize the transactions for Windsor, Inc.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
Nov. 1Dec. 11Dec. 16Dec. 31 | |||
Nov. 1Dec. 11Dec. 16Dec. 31 | |||
Nov. 1Dec. 11Dec. 16Dec. 31 | |||
Nov. 1Dec. 11Dec. 16Dec. 31 | |||
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