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Journalize the transactions. (Omit cost of goods sold enteries.) On January 1,2022, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful
Journalize the transactions. (Omit cost of goods sold enteries.) On January 1,2022, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Willingham Company, it is a 4-month, 9% note dated December 31.2021 . Harter Company prepares financial statements annually 3t December 31 . During the year, the following selected transactions occurred, Jan. 5 Sold $20,000 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Company's $20000,3-month, 8% note for batance due: Feb. 18 Sold $8,000 of merchandise to Patwary Company and accepted Patwary's $8,000,6-month, 9% note for the amount due. Apr. 20 Collected Sheldon Compary note in full. 30 Received parment in full from Wulineham Company on the amount due. May 25 Accepted Potterincis $6,000,3 month, 7% note in settement of a past-due balance on account. Aug 18 Recelved payment in full from Patwary Company on note due. 25 The Potter tne note was dishonced Potter ine ha not bantrunt: toture payment is anticipated Sept 1 Sold $12,000 of merchandise to Stanbrough Company and accepted a $12,000,6 month, 100 note for the amount due. Journalize the transactions. (Omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manuallk Record journal entries in the order presented in the problem.)
Journalize the transactions. (Omit cost of goods sold enteries.)
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