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PROBLEM 2 : Smores Co . has the following transactions related to notes receivable during the last 6 months of the year. The company does
PROBLEM : Smores Co has the following transactions related to notes receivable during the last months of the year. The company does not make entries to accrue interest except at December
tableOn July sold goods to Bella, Inc., receiving a $month, note.Loaned $ cash to G Kelly on a month, note, dated September On Nov. received a $ month, note to settle an open accounts receivable from Violet, Corp.Tuck Inc. made a $ promissory note dated December On accrued interest revenue on all notes receivable.
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