Need March 1: collected the wilma note at maturity
Suppose Sixth Reserve Bank engaged in the following transactions: (Click the icon to view the transactions.) Journalize the 2018 and 2019 transactions on Sixth Reserve's books. Explanations are not needed. U on December 31. (Record debits first, then credits. Exclude explanations from journal entries. Use a 3 interest.) Note Receivable Humdrum, Co. 12,000 Interest Revenue 160 Debit Credit Dec. 1: Loaned $11,000 to Wilma, Inc. on a 90-day, 10% note. Date Accounts and Explanation 2018 Dec 1 Note Receivable_Wilma, Inc Cash 11,000 11,000 Dec. 31. Accrued interest revenue on the Wilma note. Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Type here to search (Click the icon to view the transactions.) Journalize the 2018 and 2019 transactions on Sixth Reserve's books. Explanations are not needed. on December 31. (Record debits first, then credits. Exclude explanations from journal entries. Use a interest.) Dec. 31: Accrued interest revenue on the Wilma note. Date Accounts and Explanation Debit Credit 2018 Dec. 31 90 Interest Receivable Interest Revenue Now record the transaction for 2019. Mar. 1: Collected the Wilma note at maturity Choose from any list or enter any number in the input fields and then click Check Answer! All parts showing Journalize the 2018 and 2019 transactions on Sixth Reserve's books. Explanations are not needed on December 31. (Record debits first, then credits. Exclude explanations from journal entries. Use interest.) Interest Revenue Now record the transaction for 2019. Mar. 1: Collected the Wilma note at maturity. Date Accounts and Explanation Debit Credit 2019 Mar. 1 Cash Note Receivable-Wilma, Inc 11,000 Interest Receivable Interest Revenue Choose from any list or enter any number in the input fields and then click Check Answer All parts showing