Other book Record the following transactions on the books of Carla Vista Co: On May 1. Carla Vista Co. sold merchandise on account to Kaneva Inc. for $25.200, terms 2/10, 1/30. Ignore any entries that affect inventory.cost of goods sold, and refund liability for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit May 1 (To record sale on account.) e Textbook and Media List of Accounts On June 30, Carla Vista Co. charged Kaneva Inc. one month's interest for the overdue account Carla Vista charges 11% on overdue accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation June 30 Other bookma On June 30, Carla Vista Co. charged Kaneva Inc. one month's interest for the overdue account. Carla Vista charges 11% on overdue accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 30 (To record interest earned.) e Textbook and Media List of Accounts On July 5, Kaneva paid the amount owing to Carla Vista Co. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 5 (Collection on account.) Current Attempt in Progress Other bockmarks Crane Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term Principal Interest Rate 1. August 31, 2021 5 months $13,200 5% 2. February 1, 2021 12 months 28,800 5% 3. October 31, 2021 6 months 9,600 09 Interest on each of the above notes is payable at maturity. Calculate the interest revenue that Crane Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to decimal places, eg. 5,875.) Total interest revenue $ Interest Revenue is reported under on the income statement. e Textbook and Media Calculate the amounts related to these notes that will be reported on Crane Co's balance sheet at December 31, 2021. Indicate where they will be presented. (Round answers to O decimal places, eg. 5,275.) 5 Yahoo Interest on each of the above notes is payable at maturity Calculate the interest revenue that Crane Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to decimal places, e.. 5,275) Total interest revenue $ Interest Revenue is reported under on the income statement. e Textbook and Media Calculate the amounts related to these notes that will be reported on Crane Co's balance sheet at December 31, 2021. Indicate where they will be presented. (Round answers to decimal places, eg. 5,275.) Account Presented in Balance sheet under Amount e Textbook and Media
