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Journalize all entries required for Endurance Running Shoes. 2024 May 6: recorded credit sales of $102,000. Ignore cost of goods sold July 1: loaned $18,000
Journalize all entries required for Endurance Running Shoes.
2024
May 6: recorded credit sales of $102,000. Ignore cost of goods sold
July 1: loaned $18,000 to Jerry Paul, an executive with the company, on a one-year, 7% note
December 31: accrued interest revenue on the Paul note
2025
July 1: collected the maturity value of the Paul note
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