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 $78,000, 6%, 60-day note on account.

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

May 7. Received $78,780 on note of March 8.

16. Received a $52,800, 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 $12,000, 10%, 30-day note on account.

14. Received $53,856 on note of May 16.

Dec. 2. Received $12,100 on note of August 4.

Required:

Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank.