Journalize the following transactions for Scott Company Assume 360 days per year Nov 4 Received a $6,500, 90 day, 6 note from Michael Tims in payment of his account If an amount box does not require an entry, leave it blank Nov 4 Accounts Receivable Michael TimsInterest RevenueNotes Payable Michael TimsNotes Receivable Michael TimsSalesNotes Receivable Michael Tims Notes Receivable Michael Tims Notes Receivable Michael Tims Accounts Payable Michael TimsAccounts Receivable Michael TimsInterest ReceivableNotes Receivable Michael TimsSalesAccounts Receivable Michael Tims Accounts Receivable Michael Tims Accounts Receivable Michael Tims Dec 31 Accrued interest on the Tims note If an amount box does not require an entry, leave it blank Do not round intermediate calculations and round your final answers to two decimal places Dec 31 Accounts Receivable Michael TimsInterest ExpenseInterest ReceivableInterest RevenueSalesInterest Receivable Interest Receivable Interest Receivable Interest PayableInterest ReceivableInterest RevenueNotes Receivable Michael TimsSalesInterest Revenue Interest Revenue Interest Revenue Feb 2 Received the amount due from Tims on his note If an amount box does not require an entry, leave it blank Do not round intermediate calculations and round your final answers to two decimal places Feb 2 CashInterest ReceivableInterest RevenueNotes Receivable Michael TimsSalesCash Cash Cash Accounts Payable Michael TimsCashInterest PayableInterest ReceivableSalesInterest Receivable Interest Receivable Interest Receivable Accounts Payable Michael TimsCashInterest ExpenseInterest RevenueSalesInterest Revenue Interest Revenue Interest Revenue Accounts Payable Michael TimsCashNotes Payable Michael TimsNotes Receivable Michael TimsSalesNotes Receivable Michael Tims Notes Receivable Michael Tims Notes Receivable Michael Tims

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Journalize the following transactions for Scott Company. Assume 360 days per year. Nov. 4: Received a $6,500, 90-day, 6% note from Michael Tims in payment

Journalize the following transactions for Scott Company. Assume 360 days per year.

Nov. 4: Received a $6,500, 90-day, 6% note from Michael Tims in payment of his account. If an amount box does not require an entry, leave it blank.

Nov. 4	Accounts Receivable-Michael TimsInterest RevenueNotes Payable-Michael TimsNotes Receivable-Michael TimsSalesNotes Receivable-Michael Tims	Notes Receivable-Michael Tims	Notes Receivable-Michael Tims
	Accounts Payable-Michael TimsAccounts Receivable-Michael TimsInterest ReceivableNotes Receivable-Michael TimsSalesAccounts Receivable-Michael Tims	Accounts Receivable-Michael Tims	Accounts Receivable-Michael Tims

Dec. 31: Accrued interest on the Tims note. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations and round your final answers to two decimal places.

Dec. 31	Accounts Receivable-Michael TimsInterest ExpenseInterest ReceivableInterest RevenueSalesInterest Receivable	Interest Receivable	Interest Receivable
	Interest PayableInterest ReceivableInterest RevenueNotes Receivable-Michael TimsSalesInterest Revenue	Interest Revenue	Interest Revenue

Feb. 2: Received the amount due from Tims on his note. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations and round your final answers to two decimal places.

Feb. 2	CashInterest ReceivableInterest RevenueNotes Receivable-Michael TimsSalesCash	Cash	Cash
	Accounts Payable-Michael TimsCashInterest PayableInterest ReceivableSalesInterest Receivable	Interest Receivable	Interest Receivable
	Accounts Payable-Michael TimsCashInterest ExpenseInterest RevenueSalesInterest Revenue	Interest Revenue	Interest Revenue
	Accounts Payable-Michael TimsCashNotes Payable-Michael TimsNotes Receivable-Michael TimsSalesNotes Receivable-Michael Tims	Notes Receivable-Michael Tims	Notes Receivable-Michael Tims