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Help please FULL SCREEN PRINTER VERSION Problem 9-6A (Part Level Submission) Farwell Company closes its books monthly. On September 30, selected ledger account balances are:
Help please FULL SCREEN PRINTER VERSION Problem 9-6A (Part Level Submission) Farwell Company closes its books monthly. On September 30, selected ledger account balances are: Notes Receivable Interest Receivable Notes Receivable include the following. $37,000 183 Maker Date Aug, 16 K. Goza Inc Aug. 25 Holt Co. Sept. 30 Noblitt Corp. Face Interest Term 60 days 60 days $ 12,000 9,000 16,000 6 months 8% 7% 996 Interest is computed using a 360-day year. During October,the ollowing transactions were completed. Oct. 7 Made sales of $6,900 on Farwell credit cards. 12 Made sales of $900 on MasterCard credit cards. The credit card service charge is 3% 15 Added $460 to Farwell customer balances for finance charges on unpaid balances 15 Received payment in full from K. Goza Inc. on the amount due. 24 Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in the future.) Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (Record Credit account titles are automatically indented whee ameunt is entered no not intant n entries in the order displayed in the problem s
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