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Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received the following notes: Date Face Amount Term Interest Rate 1.
Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received the following notes: Date Face Amount Term Interest Rate 1. Mar. 6 $78,600 45 days 5% 2. Apr. 23 25,600 60 days 8% 3. July 20 37,100 120 days 6% 4. Sept. 6 49,600 90 days 7% 5. Nov. 29 30,700 60 days 6% 6. Dec. 30 68,600 30 days 6% Required:
4. | Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January. Refer to the Chart of Accounts for exact wording of account title |
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