please answer general journal questions for all year 2 dates (feb14-dec1)
GL0701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Griffin Company Year 1 Dec. 16 Accepted a $14,400, 60-day, 8: note in granting Tony Turner a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Turner note. Year 2 Feb. 14 Received Turner's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $11,000, 81, 90-day note in granting a time extension on the past-due acco&nt receivable from Duerr Co. 17 Accepted a $11,400, 30-day, 105 note in granting June Taylor a time extension on her past-due account receivable Apr. 16 Taylor dishonored her note. May 31 Duerr Co. dishonored its note. Aug Accepted . $22.000, 90-day, 121 note in granting a time extension on the past-due account receivable of Lee Co. Sep. 3 Accepted $4,200, 60-day, 101 note in granting Lindsey Martin a time extension on his past-due account receivable 2 Neceived payment of principal plus interest from Martin for the September 3 note. tov. 5 Received payment of principal plus interest from Lee for the August 7 note. 1 Wrote off the Taylor account against the Allowance for Doubtful Accounts. Nov. Dec Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. View transaction list Journal entry worksheet 4 5 6 7 8 9 10 Feb. 14 Received Turner's payment of principal and interest on the $14,400, 60-day, 8% note dated December 16. The Griffin Company does not prepare reversing entries. Verify the amount of interest using the "CALCULATION OF INTEREST tab. Note: Enter debts before credits General Journal Debit Credit Date Feb 14 UVE Dec. new pay we plaas van uw wenuyu 1 Wrote off the Taylor account against the Allowance for Doubtful Accounts. ped General General Requirement Schedule of Calculation of Journal Ledger Trial Balance Receivables Interest Enter the principal amount interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance Dates: Jan 01 to: Dec 31 Griffin Co Calculation of interest revenue February 14 - Tumar note: Principal Interest rate Number of days Interest to be recorded in Year 2 SO erences Number of days interest to be recorded in Year 2 Principal Interest rate Number of days interest to be recorded in Year 2 -5a 6 Saved Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 $ Total interest revenue - Year 2 Proy 1 of 1 !!! Next
