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. $8.$ Received a $$96,000,6\%,60-$day note on account.

$31.$ Received a $$8,400,7\%,90-$day note on account.

May $7.$ Received $$96,960$ on note of March $8.$

$16.$ Received a $$66,000,8\%,90-$day note on account.

June $11.$ Received a $$24,000,9\%,30-$day note on account.

$29.$ Received $$8,547$ on note of March $31.$

July $26.$ Received $$24,180$ on note of June $11.$

Aug. $4.$ Received a $$10,800,10\%,30-$day note on account.

$14.$ Received $$67,320$ on note of May $16.$

Dec. $2.$ Received $$10,890$ on note of August $4.$

Required:

Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank.

Mar. $8$

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Mar. $31$

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May $7$

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May $16$

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June $11$

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June $29$

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July $26$

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Aug. $4$

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Aug. $14$

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Dec. $2$

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