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I need assistance trying to figure put what calculation is off? Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable.
I need assistance
trying to figure put what calculation is off?
Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days for terms expressed in days; omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record jourmal entries in the order presented in the problem. Round intermediate calculations to 2 decimal places, eg. 225.25.) Show the balance sheet presentation of the receivable accounts at July 31, 2022. Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Post entrles in th order of journal entries posted in the previous part.) Nores Recrivalale Buly 22 7 Notes Recelivable aiby 31 * Intereat Recelivable Interest kievenue eTertbook and Media Assistance Used List of Accounts Sove for Later Attempts: 3 of 5 used July 14 v Cash Service Charge Expense Sales Revenue July 20 v Cash Interest Revenue Notes Receivable July 24 v Cash Interest Revenue Notes Receivable July 31 - Interest Receivable. Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days for terms expressed in days; omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record jourmal entries in the order presented in the problem. Round intermediate calculations to 2 decimal places, eg. 225.25.) Show the balance sheet presentation of the receivable accounts at July 31, 2022. Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Post entrles in th order of journal entries posted in the previous part.) Nores Recrivalale Buly 22 7 Notes Recelivable aiby 31 * Intereat Recelivable Interest kievenue eTertbook and Media Assistance Used List of Accounts Sove for Later Attempts: 3 of 5 used July 14 v Cash Service Charge Expense Sales Revenue July 20 v Cash Interest Revenue Notes Receivable July 24 v Cash Interest Revenue Notes Receivable July 31 - Interest ReceivableStep by Step Solution
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