Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA Issues quarterly financial statements on March 31, June 30, September 30, and December 31. Prepare journal entries to record the note's issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) View transaction list View journal entry worksheet No Debit Credit Date Apr 30, 2018 1 General Journal Notes Payable (short-term) Cash 110,000 110,000 2 Jun 30, 2018 1,833 Interest Receivable Interest Revenue 1.883 3 Sep 30, 2018 2.750 Interest Receivable Interest Revenue 2.750 4 Oct 31, 2018 Cash Interest Receivable Interest Revenue 5 Dec 31, 2018 Interest Receivable Interest Revenue 6 Mar 31, 2019 Interest Receivable Interest Revenue 7 Apr 30, 2019 Cash Interest Receivable Interest Revenue 8 Apr 30, 2019 Cash Interest Receivable Interest Revenue 2 10 points Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for Its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. Prepare journal entries to record the note's issuance, Interest earned, and interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet 1 2 3 5 6 7 8 > Record the receipt of a note on April 30, 2018 for a $110,000 loan to the new creative director. Note: Enter debits before credits. Date General Journal Debit Credit 110,000 Apr 30, 2018 Notes Payable (short-term) Cash 110,000 Record entry Clear entry View general journal You received partial credit In the previous attempt. 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet Record the interest accrued on the note as of June 30, 2018. Note: Enter debits before credits Credit Date General Journal Jun 30, 2018 Interest Receivable Interest Revenue Debit 1.833 1.883 Record entry Clear entry View general journal 2 10 points Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet 2 3 6 8 > Record the interest accrued on the note as of September 30, 2018. Note: Enter debits before credits. Debit Credit Date General Journal Sep 30, 2018 Interest Receivable Interest Revenue 2.750 2,750 Record entry Clear entry View general journal You received partial credit In the previous 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet Record the receipt of interest for the period ending October 31, 2018. Note: Enter debits before credits. Debit Credit Date General Journal Oct 31, 2018 Cash Interest Receivable Interest Revenue Record entry Clear entry View general journal You recelved partial credit Int 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet Record the interest accrued on the note as of December 31, 2018. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31, 2018 Interest Receivable Interest Revenue Record entry Clear entry View general journal 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet Record the interest accrued on the note as of March 31, 2019. Note: Enter debits before credits. Debit Credit Date General Journal Mar 31, 2019 Interest Receivable Interest Revenue Record entry Clear entry View general journal Chapter 8 Homework A Saved You received partial credit In the previous attempt 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet 7 8 > Record the receipt of interest for the period ending April 30, 2019. Note: Enter debits before credits. Debit Credit Date General Journal Apr 30, 2019 Cash Interest Receivable Interest Revenue Record entry Clear entry View general journal Chapter 8 Homework A Saved You received partial credit In the previous attempt 2 Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $110,000 on April 30, 2018, on a one-year, 9 percent note, with Interest payments required on October 31, 2018, and April 30, 2019. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. 10 points Prepare journal entries to record the note's Issuance, Interest earned, and Interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount) eBook View transaction list Journal entry worksheet 7 8 > Record the receipt of interest for the period ending April 30, 2019. Note: Enter debits before credits. Debit Credit Date General Journal Apr 30, 2019 Cash Interest Receivable Interest Revenue Record entry Clear entry View general journal