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Prepare journal entries to record the following transactions entered into by the Nash's Trading Post, LLC: (Credit account titles are automatically indented when the amount

Prepare journal entries to record the following transactions entered into by the Nash's Trading Post, LLC: (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 $10,000, 6%, 1-year note from Dan Gore as full payment on his account.

Nov.

1

Sold merchandise on account to Barlow, Inc., for $16,000, terms 2/10, n/30.

Nov.

5

Barlow, Inc., returned merchandise worth $1,000.

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.

Date

Account Titles and Explanation

Debit

Credit

2021

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record the receipt of the note

Enter a debit amount

Enter a credit amount

Enter an account title to record the receipt of the note

Enter a debit amount

Enter a credit amount

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record sale on account to Barlow

Enter a debit amount

Enter a credit amount

Enter an account title to record sale on account to Barlow

Enter a debit amount

Enter a credit amount

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record the return of merchandise from Barlow

Enter a debit amount

Enter a credit amount

Enter an account title to record the return of merchandise from Barlow

Enter a debit amount

Enter a credit amount

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record the payment from Barlow

Enter a debit amount

Enter a credit amount

Enter an account title to record the payment from Barlow

Enter a debit amount

Enter a credit amount

Enter an account title to record the payment from Barlow

Enter a debit amount

Enter a credit amount

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record accrued interest on Gore's note

Enter a debit amount

Enter a credit amount

Enter an account title to record accrued interest on Gore's note

Enter a debit amount

Enter a credit amount

2022

June 1Nov. 1Nov. 5Nov. 9Dec. 31

Enter an account title to record collection of Gore's note and interest

Enter a debit amount

Enter a credit amount

Enter an account title to record collection of Gore's note and interest

Enter a debit amount

Enter a credit amount

Enter an account title to record collection of Gore's note and interest

Enter a debit amount

Enter a credit amount

Enter an account title to record collection of Gore's note and interest

Enter a debit amount

Enter a credit amount

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