PART 2: DISHONORED NOTE 5 POINTS The following selected transactions occurred during 2019 for Northwest Movers. The company ends it accounting year on December 31.

Aug. 1 Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable.

Nov. 1 Collected the Ellison note at maturity Prepare the journal entries to record these transactions.

PART 3: RATIOS 5 POINTS A company has net credit sales of $94,000, beginning net accounts receivable of $23,000 and ending net accounts receivable of $18,000. Calculate the Accounts recivable and days' sales in receivables.

PART 4: CALCULATE INTEREST AND ACCRUE INTEREST On October 1, 2018, Parker Company made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 13%. Journalize the entries for October 1st, accrued interest and at maturity of note.

PART 5: CALCULATE COST OF ASSETS 10 POINTS

1) Danube Company purchased a used machine for $12,000. The machine required installation costs of $3000 and insurance while in transit of $1500. Calculate the cost of machine.

2) Bachman Company plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $24,000 Surveys and legal fees 1500 Land clearing 1100 Fencing 6000 Install lighting and signage 1860 Calculate the cost of Land and Land Improvements