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Notes lervible Entries The following data relate to notes receivable and interest for Owens Co., a financial services company, Assume a 360-day year. (All notes
Notes lervible Entries The following data relate to notes receivable and interest for Owens Co., a financial services company, Assume a 360-day year. (All notes are dated as of the day they are received.) Mar. 8 Received a $33,000, 59, 60-day note on account. 31. Received an $80,000, 79, 90-day note on account. May 7 Received $33,275 on note of March 8. Received a $72,000, 7%, 90-day note on account. June 11 Received a $36,000,6%, 45-day note on account 29. Received $81,400 on note of March 31. July 26. Received $36,270 on note of June 11, Aug. 4 Received a $48,000,9%, 120-day note on account 14. Received $73,260 on note of May 16 Dec. 2. Received $49,440 on note of August 4. Required: Journal the entries to record the transactions. For a compound transactions, it an amount box does not require an entry, leave it blank Maro Notes Receivable 33,000 Accounts Receivable 33,000 Mar. 31 Notes Receivable 110.000 Accounts Receivable 80,000 arvtakeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator assignment-tako&inprogress-false en eBook Accounts Receivable 30,000 May 7 Cash 33,725 Notes Receivable 33,000 Interest Revenue 725 May 16 Notes Receivable 72,000 Accounts Receivable 72,000 June 11 Notes Receivable 36,000 Accounts Receivable 36,000
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