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Journalize the transactions for concord supply (ignore entries for cost of goods sold) concord supply co. has the following transactiona related notes receivable durinf the
Journalize the transactions for concord supply (ignore entries for cost of goods sold) concord supply co. has the following transactiona related notes receivable durinf the last 2 motnhs of 2022. The compnay does not make entries to accrue interest except at december 31. Nov. 1 loaned 27, 000 cash to manny Lopes on a 12 month 8% note December 11 Sold goods to Ralp Kremer inc, receiving 72000, 90 day, 6% note 16 received a 44, 6000, 180 day, 12% note to settl an open acocunt from jow fernetti 31 accrued interesr revenue on all noes received
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