Homework: Chapter 5 Graded Homework Score: 2.12 of 3 pts 8 of completa HW Score: 72.06%, 18.02 of 25 p %E5-22A (similar to) O Review the following not receivatlevansactions in the journal of Red Sea Services Red Sea Services has a May 31 fiscal yearend (Click the icon to view the transactions) Read the requirements Requirement 1. Record the preceding not receivable transactions in the journal of Red fles Services Use a day year for interest comportions, and round Werest mounts to the rest dotar Records to the credits Exclude explanations from any journal entries.) Mar 1 Loaned $17,000 cash to Be Shyne on a one you, note Credit Date Journal Entry Accounts 1 Not Receivable Shyne Cash Debit 17.000 M 17.000 May 6 Performed service for Fairway Pro, receiving a 90-day, 6% note for $10,000 Credit Date May Journal Entry Accounts 6 Note Receivable - Fairway Pro Service Revenue Debit 10,000 10.000 May 16 Received a $2.000, six-month, 12% note on account from Vera Company Journal Entry fields and then click Check Answer Check Answer Score: 2.12 of 3 pts 8 of 99 completel HW Score: 72.06%, 18. Question E5-22A (similar to) Review the following not receivable transactions in the jumal of Red Sea Services: 1 Click the loon to view the transactions) Red Sea Services has a May 31 fiscal year-end. Read the requirements May 10,000 6 Note Receivable - Fairway Pro Service Revenue 10,000 May 10 Received a $2,000, month, 12% note on account from Verna Company Credit Date May Journal Entry Accounts 16 Not Receivable Vera Company Accounts Receivable - Vema Company Debit 2,000 2,000 May 31 Accrued interest revenue for the year. Accrue interest revenue on all of the notes in one entry (Use a 365-day year for interest computations. Round Wermediary calosions and your final answer to the nearest whole dollar) Debit Credit Date Journal Entry Accounts 31 Interest Receivable Interest Revenue May Choose from any list or enter any number in the input fields and then click Check Answer Check And Clear All 1 part remaining SO 888 $ 8 of 9 (9 complete) HW Score: 72 Red Sea Services has a May 31 fiscal year-end. Read the requirements 10.000 mpany More Info Credit 2,000 Mar 1 Loaned $17,000 cash to Be Shyne on a one-year, 9% note. May 6 Performed service for Fairway Pro, receiving a 90-day, 6% note for $10,000 16 Received a $2,000, six-month, 12% note on account from Verna Company 31 Accrued interest revenue for the year. Print Done terest computations Credit Check Answer Clear All Check A DIL FB F9 F10 511
