please help, im completly lost
CH 1 1 GL0701 - Based on Problem 7-5A LO C2, C3, P4 15 points Book The following selected transactions are from Brown Company Year 1 Dec. 16 Accepted a $12,000, 60-day, 10% note in granting Jose Garcia a time extension on his past due account receivable. 31 Made an adjusting entry to record the accrued interest on the Garcia note. Year 2 Feb 14 Received Garcia's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $7,000, 1ex, 90-day note in granting a tine extension on the past due account receivable from Martin Co. 17 Accepted $3,800, 30 day, les note in granting Debbie Hall a tine extension on her past-due account receivable, Apr. 16 Hall dishonored her note. May 31 Martin Co. dishonored its note. Aug 7 Accepted a $8,000, 90-day, BX note in granting a tine extension on the past-due account receivable of Sanchez co Sep 3 Accepted a $3,800, 60-day, 10% note in granting Robert King a time extension on his past-due account receivable. Nov 2 Received payment of principal plus interest from King for the September 3 note. Nov 5 Received payment of principal plus interest from Sanchez for the August 7 note Dec. Wrote off the Hall account against the Allowance for Doubtful Accounts. Point References Answer is not complete. General General Schedule of Calculation of Requirement Trial Balance Journal Ledger Receivables 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 No Date Debit Credit General Journal 1 Feb 14 12,000 Cash Notes receivable - J. Garcia Interest revenue Interest receivable View transaction list Journal entry worksheet ok 1 Mar. 2 Accepted an $7,000, 10%, 90-day note in granting a time extension on the past-due account receivable from Martin Co. at nces Note: Enter debits before credits. Date General Journal Mar 02 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 4 5 6 7 8 9 10 > OOK Mar. 17 Accepted a $3,000, 30-day, 10% note in granting Debbie Hall a time extension on her past-due account receivable. rint Note: Enter debits before credits. erences Debit Credit Date General Journal Mar 17 Record entry Clear entry View general Journal Journal entry worksheet View transaction list 15 points Journal entry worksheet > Book May 31 Martin Co. dishonored its note. Note: Enter debits before credits References General Journal Debit Credit Date May 31 Record entry Clear entry View general Journal View transaction list 15 points Journal entry worksheet BOOK Aug, 7 Accepted a(n) $8,000, 90-day, 8% note in granting a time extension on the past due account recelvable of Sanchez Co. Pent Note: Enter debits before credits. References Date General Journal Debit Credit Aug 07 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 3 4 5 7 CO 9 > 10 > Book Sept. 3 Accepted a $3,000, 60-day, 10% note in granting Robert King a time extension on his past-due account receivable. Print Note: Enter debits before credits. erences Date General Journal Debit Credit Sep 03 Record entry Clear entry View general Journal MUSE UUTTU View transaction list Journal entry worksheet eBook Nov. 2 Received payment of principal plus interest from King for the September 3 note. Print Note: Enter debits before credits eferences Date General Journal Debit Credit Nov 02 Record entry Clear entry View general Journal View transaction list 15 paints Journal entry worksheet eBook Nov. 5 Received payment of principal plus interest from Sanchez for the August 7 note. Print Note: Enter debits before credits References Date General Journal Debit Credit Nov 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Browser Ch 07 GL P7-5a Seved 1 Calculation of interest revenue February 14. Garcia note: Principal Interest rate Number of days interest to be recorded in Year 2 15 points eBook Number of days Interest to be recorded in Year 2 Print References 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 S O Total interest revenue Year 2 Prey 1 of 1 !! Next Mc Graw Hill o BI d Type here to search CH 1 1 GL0701 - Based on Problem 7-5A LO C2, C3, P4 15 points Book The following selected transactions are from Brown Company Year 1 Dec. 16 Accepted a $12,000, 60-day, 10% note in granting Jose Garcia a time extension on his past due account receivable. 31 Made an adjusting entry to record the accrued interest on the Garcia note. Year 2 Feb 14 Received Garcia's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $7,000, 1ex, 90-day note in granting a tine extension on the past due account receivable from Martin Co. 17 Accepted $3,800, 30 day, les note in granting Debbie Hall a tine extension on her past-due account receivable, Apr. 16 Hall dishonored her note. May 31 Martin Co. dishonored its note. Aug 7 Accepted a $8,000, 90-day, BX note in granting a tine extension on the past-due account receivable of Sanchez co Sep 3 Accepted a $3,800, 60-day, 10% note in granting Robert King a time extension on his past-due account receivable. Nov 2 Received payment of principal plus interest from King for the September 3 note. Nov 5 Received payment of principal plus interest from Sanchez for the August 7 note Dec. Wrote off the Hall account against the Allowance for Doubtful Accounts. Point References Answer is not complete. General General Schedule of Calculation of Requirement Trial Balance Journal Ledger Receivables 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 No Date Debit Credit General Journal 1 Feb 14 12,000 Cash Notes receivable - J. Garcia Interest revenue Interest receivable View transaction list Journal entry worksheet ok 1 Mar. 2 Accepted an $7,000, 10%, 90-day note in granting a time extension on the past-due account receivable from Martin Co. at nces Note: Enter debits before credits. Date General Journal Mar 02 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 4 5 6 7 8 9 10 > OOK Mar. 17 Accepted a $3,000, 30-day, 10% note in granting Debbie Hall a time extension on her past-due account receivable. rint Note: Enter debits before credits. erences Debit Credit Date General Journal Mar 17 Record entry Clear entry View general Journal Journal entry worksheet View transaction list 15 points Journal entry worksheet > Book May 31 Martin Co. dishonored its note. Note: Enter debits before credits References General Journal Debit Credit Date May 31 Record entry Clear entry View general Journal View transaction list 15 points Journal entry worksheet BOOK Aug, 7 Accepted a(n) $8,000, 90-day, 8% note in granting a time extension on the past due account recelvable of Sanchez Co. Pent Note: Enter debits before credits. References Date General Journal Debit Credit Aug 07 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 3 4 5 7 CO 9 > 10 > Book Sept. 3 Accepted a $3,000, 60-day, 10% note in granting Robert King a time extension on his past-due account receivable. Print Note: Enter debits before credits. erences Date General Journal Debit Credit Sep 03 Record entry Clear entry View general Journal MUSE UUTTU View transaction list Journal entry worksheet eBook Nov. 2 Received payment of principal plus interest from King for the September 3 note. Print Note: Enter debits before credits eferences Date General Journal Debit Credit Nov 02 Record entry Clear entry View general Journal View transaction list 15 paints Journal entry worksheet eBook Nov. 5 Received payment of principal plus interest from Sanchez for the August 7 note. Print Note: Enter debits before credits References Date General Journal Debit Credit Nov 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Browser Ch 07 GL P7-5a Seved 1 Calculation of interest revenue February 14. Garcia note: Principal Interest rate Number of days interest to be recorded in Year 2 15 points eBook Number of days Interest to be recorded in Year 2 Print References 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 S O Total interest revenue Year 2 Prey 1 of 1 !! Next Mc Graw Hill o BI d Type here to search
