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Journalize all transactions for Bird's Eye Music. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your
Journalize all transactions for
Bird's Eye Music.
Round all amounts to the nearest dollar. (For notes stated in days, use a
365-day
year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.)
Consider the following transactions for Bird's Eye Music. (Click the icon to view the transactions.) Journalize all transactions for Bird's Eye Music. Round all amounts to the nearest dollar. (For notes stated in days, use a 365-day year. Round your final answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from journal entries.) Dec. 6: Received a $15,000, 90-day, 10% note in settlement of an overdue accounts receivable from All Star. Date Accounts Debit Credit More Info 2024 Dec. 6 Note ReceivableAll Star 15000 Accounts ReceivableAll Star 15000 2024 Dec. 6 Dec. 31 Received a $15,000, 90-day, 10% note in settlement of an overdue accounts receivable from All Star. Made an adjusting entry to accrue interest on the All Star note. Made a closing entry for interest revenue. Dec. 31 Dec. 31: Made an adjusting entry to accrue interest on the All Star note. 2025 Date Accounts Debit Credit Mar. 6 2024 Jun. 30 Dec. 31 Interest Receivable Oct. 2 Collected the maturity value of the All Star note. Loaned $13,000 cash to Providence Music, receiving a six-month, 12% note. Received a $4,000, 60-day, 12% note for a sale to ZZZ Music. Ignore Cost of Goods Sold. ZZZ Music dishonored its note at maturity Wrote off the receivable associated with ZZZ Music. (Use the allowance method.) Collected the maturity value of the Providence Music note. Interest Revenue Dec. 1 Dec. 1 Dec. 30 Dec. 31: Made a closing entry for interest revenue. Print Done Done Date Accounts Debit Credit 2024 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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