On November 1, 2xx0, Pyramid Company sold $200,000 worth of limestone blocks to Giza United. The blocks cost Pyramid $125,000. Instead of an Account Receivable, Giza signed a formal note to Pyramid Co., and agreed to pay a principal of $200,000 plus interest at 9% in full in three months (on January $1, 2xx1).

Acmieyl Rerenus On November 1, 2sx0. Bramil Company sold 5200,000 worth of limesone blocks to Giva United. The blockr cont Pyramid $125,000. Instead of an Account Recervable, Giza signed a formal note to lyramid Co., and agrecel to pay a principal of 5200,000 plus interest at 96 in full in three months (on January 31, 2xx1). Vise the following formula: Princigal * Annual Intereat Rate * 1/12 - Monthly Interea fucome 1. What is the journal entry Nyramid Company will make on November I? 2. What is the adjusting entty necded on November 30 ? 3. What is the balance of the interea receivable account at December $1 ? 4. How much will Pyramid collcet from Giza on January $1 (including principal)? 5. What is the entry necded by Pyramid on January \$i when Pyramid receives the cash from Ciza