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Jasmine's Supply Co. has the following transactions related to notes receivable during the lasst 2 months of 2020. Loaned $24,000 cash to Simone Buil on
Jasmine's Supply Co. has the following transactions related to notes receivable during the lasst 2 months of 2020. Loaned $24,000 cash to Simone Buil on a 1-year, 79% note. Nov 1 Sold goods to Dac Jo, Inc., receiving a $12,000, 90-day, 3 % note . Dec. 11 Received an $18,000, 6-month, 8 % note in exchange for Jason Tanner's outstanding accounts receivable. 16 Accrued interest revenue on all notes receivable 31 Journalize the transactions for Jasmine's Supply Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Nov. 1 Dec. 11 Dec. 16 Dec. 31 Record the collection of the Buil note at its maturity in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1 Open Show Work Click if you would like to Show Work for this question: List Of Accounts Exercise 212 a-b Accounts Payable Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Cash Cost of Goods Sold Income Summary Interest Receivable Interest Revenue Inventory Notes Receivable Other Operating Expenses Owner's Capital Prepaid Insurance Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense
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