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PROBLEM #4: Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year Loaned $90,000 cash
PROBLEM #4: Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year Loaned $90,000 cash to B. Benson on a 1-year, 890 note. Sold goods to Roswell, Inc., receiving a $9,000, 90-day, 7% note. Received a $20,000, 6-month, 9% note to settle an open account from M.Li Accrued interest revenue on all notes receivable. Nov. 1 Dec. 11 16 31 ng. Instructions Journalize the transactions for Great Plains Supply Co
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