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Marigold Corp. sold goods to Splish Brothers Inc. for $16,000 on November 1, 2017, accepting Splish Brothers's $16,000, six-month, 3% note. Prepare Marigold's November 1
Marigold Corp. sold goods to Splish Brothers Inc. for $16,000 on November 1, 2017, accepting Splish Brothers's $16,000, six-month, 3% note. Prepare Marigold's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem) DateAccount Titles and Explanation Debit Credit
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