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Nov. 14 Received a $4,800, 90-day, 9% note from Alan Albertson in payment of his account. Dec. 31 Accrued interest on the Albertson note. Feb.
Nov. 14 Received a $4,800, 90-day, 9% note from Alan Albertson in payment of his account. Dec. 31 Accrued interest on the Albertson note. Feb. 12 Received the amount due from Albertson on his note. Required: Journalize the above transactions for Lucite Company. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.
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