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February 1 4 Received Allen's payment of principal and interest on the note dated December 1 6 . March 2 Accepted a $ 1 0
February Received Allen's payment of principal and interest on the note dated December
March Accepted a $day note in granting a time extension on the pastdue account receivable from Carter Company
March Accepted a $day, note in granting Tony Turner a time extension on her pastdue account receivable.
April Turner dishonored her note.
Carter Company dishonored its note.
August Accepted a $day, note in granting a time extension on the pastdue account receivable of Duerr Company
September Accepted a $day, note in granting Spencer Lauer a time extension on his pastdue account receivable.
November Received payment of principal plus interest from Lauer for the September note.
November Received payment of principal plus interest from Duerr for the August note.
December Wrote off the Turner account against the Allowance for Doubtful Accounts.
tableRequirementtableGeneralJournaltableGeneralLedgerTrial Balance,tableSchedule ofReceivablestableCalculation ofInterest
Enter the principal amount, interest rate, and number of days of interest to be recc total interest revenue agrees with the trial balance.
Dates: Januz
tableCerez CompanyCalculation of interest revenueFebruary Allen note:,PrincipalInterest rate,Number of days' interest to be recorded in Year Number of days' interest to be recorded in Year PrincipalInterest rate,Number of days' interest to be recorded in Year
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