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legal fees revenue is not avalaible So Tar. It does not indicate comp Exercise 5-15A Record notes receivable and interest revenue (LO5-7) On March 1,
legal fees revenue is not avalaible So Tar. It does not indicate comp Exercise 5-15A Record notes receivable and interest revenue (LO5-7) On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,200. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 March 01 > 9,200 Notes Receivable Legal Fees Expense 9.200 2 September 01 9,660 Cash Notes Receivable Interest Revenue O 9,200 460 So Tar. It does not indicate comp Exercise 5-15A Record notes receivable and interest revenue (LO5-7) On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,200. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 March 01 > 9,200 Notes Receivable Legal Fees Expense 9.200 2 September 01 9,660 Cash Notes Receivable Interest Revenue O 9,200 460
legal fees revenue is not avalaible
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