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Prepare journal entries to record the following transactions entered into by the Skysong, Inc.: (Credit account titles are automatically indented when the amount is entered.

Prepare journal entries to record the following transactions entered into by the Skysong, Inc.: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

2021

June

1

Received a $12,600, 8%, 1-year note from Dan Gore as full payment on his account.

Nov.

1

Sold merchandise on account to Barlow, Inc., for $17,000, terms 2/10, n/30.

Nov.

5

Barlow, Inc., returned merchandise worth $1,200.

Nov.

9

Received payment in full from Barlow, Inc.

Dec.

31

Accrued interest on Gore's note.

2022

June

1

Dan Gore honored his promissory note by sending the face amount plus interest.

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