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Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of
Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.) Assume 360 days in a year. Mar. 8. 31. May 7. 16. June 11. 29. Received a $66,000, 9%, 60-day note on account. Received a $14,400, 8%, 90-day note on account. Received $66,990 on note of March 8. Received a $70,800, 7%, 90-day note on account. Received a $30,000, 6%, 30-day note on account. Received $14,688 on note of March 31. Received $30,150 on note of June 11. Received a $4,800, 12%, 30-day note on account. Received $72,039 on note of May 16. Received $4,848 on note of August 4. July 26. Aug. 4. 14. Dec. 2. Required: Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank. Mar. 8 - Mar. 31 - May 7 I ll May 16 - June 11 Mar. 31 May 7 May 16 - June 11 June 29 ] III H1 H11 H11 111 I b1 101 bl. 101 101 July 26 Aug. 4 Aug. 14 Dec. 2
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