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Notes Receivable -- Thielsen Financial Services Selected transactions of Thielsen Financial Services, a finance company, are described below. Journalize the transactions for Thielsen. When
Notes Receivable -- Thielsen Financial Services Selected transactions of Thielsen Financial Services, a finance company, are described below. Journalize the transactions for Thielsen. When calculating interest, do not round intermediate amounts, but do round the final amount to the nearest dollar. Use a 365-day year. 1. 2. 3. Thielsen lent a client, Zinnia Oo, $9,000, and accepted a 6%, 120-day note dated November 13, 2026. All principal and interest are due on the maturity date of the note. Dec 31 -- Recorded the adjusting entry for accrued interest on the note. Mar 13 -- Received the maturity value of the note from Zinnia Oo. Journal PR Debit Credit Note: Start each entry on a starred row. Note: Use the gray-shaded cell for each entry to select the transaction description. Date 2026 * * * 2027 debit accounts here Accounts credit accounts here
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Transaction 1 Date November 13 2026 Debit Notes Receivable Ac 9000 Credit Cash Ac 900...Get Instant Access to Expert-Tailored Solutions
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