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More Info 1 2018 Jul. 1 Loaned $17,000 cash to Carroll Fadal on a one-year, 12% note. Sold goods to Turf Pro, receiving a 90-day,
More Info 1 2018 Jul. 1 Loaned $17,000 cash to Carroll Fadal on a one-year, 12% note. Sold goods to Turf Pro, receiving a 90-day, 6% note for $12,000. Ignore Cost of Goods Sold. Made a single entry to accrue interest revenue on both notes. Sep. 6 30 ?Collected the maturity value of the Turf Pro note. 2019 Jul. 1 Collected the maturity value of the Fadal note. The following selected transactions occurred during 2018 and 2019 for Aegean Importers. The company ends its accounting year on September 30 Click the icon to view the transactions. Journalize all required entries. Make sure to determine the missing maturity date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jul. 1: Loaned $17,000 cash to Carroll Fadal on a one-year, 12% note. Date 2018 Jul. 1 Accounts and Explanation Debit Credit Sep. 6: Sold goods to Turf Pro, receiving a 90-day, 6% note for $12,000. Ignore Cost of Goods Sold. DebitCredit Date 2018 Sep. 6 Accounts and Explanation Sep. 30: Made a single entry to accrue interest revenue on both notes. (Use months for the one-year note interest computation and a 365-day year for the 90 day note interest computation. Round to the nearest cent.) Date 2018 Sep. 30 Accounts and Explanation Debit Credit Collected the maturity value of the Turf Pro note. Make sure to determine the missing maturity date. (Prepare a single compound journal entry. Use a 365-day year for this interest computation. Round to the nearest cent.) Debit Credit Accounts and Explanation Date Jul. 1: Collected the maturity value of the Fadal note. (Prepare a single compound journal entry. Use months for this interest computation.) Debit Credi Accounts and Explanation Date 2019 Jul. 1
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