1. Notes Receivable 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, 5%, 60-day note on account.
   31.		Received an $80,000, 7%, 90-day note on account.
   May 7.		Received $33,275 on note of March 8.
   16.		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:

   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
   May 16
   June 11
   June 29
   July 26
   Aug. 4
   Aug. 14
   Dec. 2