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Oct. Sunland Company has the following transactions related to notes receivable during 2022. 1 Exchanged Goforth Inc.'s $8,000 accounts receivable for a 2-year, 8% note.
Oct. Sunland Company has the following transactions related to notes receivable during 2022. 1 Exchanged Goforth Inc.'s $8,000 accounts receivable for a 2-year, 8% note. Dec 31 Accrued interest revenue on the note receivable. Journalize the transactions for Sunland Company (round to the nearest dollar). (Credit account titles are automatically indented when the an Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Oct. 1 8000 Debit 8000 160 160
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