Question
Journalize the following transactions for Barry Company: 201X: Apr. 18 Received a $13,000, 90-day, 8% note from Alex Coates in payment of account past due.
Journalize the following transactions for Barry Company: 201X: Apr. 18 Received a $13,000, 90-day, 8% note from Alex Coates in payment of account past due. May 9 Wrote off the Nicole Mason account as uncollectible for $570. (Barry uses the Allowance method to record bad debts.) July 17 Alex Coates paid Barry the note in full. Nov. 11 Gave Black Company an $8,800, 30-day, 11% note as a time extension of account now past due. Nov. 15 Nicole Mason paid Barry the amount previously written off on May 9. Dec. 3 Discounted its own $4,800, 80-day note at Houston Bank at 11%. Dec. 5 Received a $10,400, 75-day, 10.5% note dated December 5 from Uriah Stone in payment of account past due. Dec. 11 Paid principal and interest due on note issued to Black Company from November 11 note. Dec. 16 Received a $19,000, 80-day, 11% note from Baker Company in payment of account past due. Dec. 23 Discounted the Uriah Stone note to Lakeside Bank at 12.5%. Dec. 31 Recorded adjusting entries as appropriate.
Please do not copy from Chegg or I have to report.
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