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Presley Supply Ca has the following transaction related to notes receivable during the last 2 months of 2020 Nov. 1 Loaned $30,000 cash to Logan
Presley Supply Ca has the following transaction related to notes receivable during the last 2 months of 2020 Nov. 1 Loaned $30,000 cash to Logan Ransey on 1 -year, 10 \% note. Dec 11 Sold poods to be loe Noland, Ine recelving a $9,000,90-day, 8% note. 16 Recelved $4,000,6-month, 9% note in exchange for Jane Brock's outstanding accounts recelvable. 31. Accrued interest revenue on all notes recelvable. (a) Your answer is correct Journalize the above transactions for Presley Supply Ca (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round interest to the nearest dollar.) Record the collection of the Ransey note at its maturity in 2021. (Credit decount titles are automatically indented when the amount is entered. Do not indent manuslly] Assume Ransey dishonors its note at its maturity in 2021; Presley expects to eventually collect the note. Record the dishonors of the Ransey note. (Credit account titles are eutomatically indented when the amount is entered. Do not indent manually) foumalize the above transactions for Presley Supply Ca. (Credit account tifles are automotically indented when the amount is entered. Do not indent manually Round interest to the nearert dollar)
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