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fill out the statement Ceradyne Supply Corp has the following selected transactions for notes receivable. Now 1 Dec 1 15 Lent $143.400 cash to A
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Ceradyne Supply Corp has the following selected transactions for notes receivable. Now 1 Dec 1 15 Lent $143.400 cash to A Bouchard on a one-year, 9% note Sold goods to Wright Inc. receiving a two-month, 6X $31.400 note. Interest is due at maturity. The goods cost $19.608 Received a six-month, 66,534,560 note in exchange for an account from Aquilina Corporation Interest is due at maturity. Collected the amount owing on the Wright note. Accrued interest on all notes receivable at year end. Assume that interest is calculated to the nearest half month. Analyzed each note and estimated that uncollectible notes at year end totalled $25.908. Feb 1 28 28 Record the above transactions for Ceradyne Supply Corp. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to the nearest whole dollar, c.8. 5.275) Account Titles and Explanation Debit Credit Date (To record sales) (To record cost of merchandise sold) (To accrue interest) - (To record estimate of uncollectible accounts)Step by Step Solution
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