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Granger Realty loaned money and received the following notes during 2024. (Click the icon to view the notes received.) Read the requirements. Date 2025 Oct.
Granger Realty loaned money and received the following notes during 2024. (Click the icon to view the notes received.) Read the requirements. Date 2025 Oct. 1 Interest Revenue Now journalize the collection of principal and interest at maturity on the three notes. Explanations Journalize the collection of principal and interest at maturity for note (1). Accounts and Explanation Date 2025 Mar. 30 Cash Interest Revenue Interest Receivable Note Receivable (Note 1) Journalize the collection of principal and interest at maturity for note (2). Accounts and Explanation Debit Cash Interest Revenue Interest Receivable Note Receivable (Note 2) 27,500 1,105 Debit Credit 1,875 625 25,000 Credit 960 ... 16000 Data table Note Note (1) Note (2) Note (3) Date Oct. 1 Sep. 30 Jun. 19 $ Print Principal Amount 25,000 16,000 22,000 Interest Rate 10% 12% 6% Done Clear all Term 1 year 6 months 180 days Check answer
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