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Problem 4: (10 Points) The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31. Performed services

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Problem 4: (10 Points) The following selected transactions occurred during 2016 for Mitchell Movers. The company ends it accounting year on December 31. Performed services on account for Ellison Rentals, $12,000. Received a $12,000, 3 month, 9% note from Ellison in satisfaction of its past-due account receivable Collected the Ellison note at maturity Apr. 1 Aug. 1 LI Nov. 1 Prepare the journal entries to record these transactions

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