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Larkspur Exporters sold goods to Coronado Electronics for $ 1 0 5 , 0 0 0 on October 1 , 2 0 1 7 ,

Larkspur Exporters sold goods to Coronado Electronics for $105,000 on October 1,2017, accepting
Coronado Electronics' $105,000,6-month, 12% note.
Prepare Larkspur's October 1 entry, December 31 annual adjusting entry, and April 1 entry for the
collection of the note and interest. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the
amounts.)
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