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Professional Steam Cleaning performs services on account. When a customer account becomes four months old, Professional converts the account to a note receivable. During 2018,
Professional Steam Cleaning performs services on account. When a customer account becomes four months old, Professional converts the account to a note receivable. During 2018, the company completed the following transactions: (Click the icon to view the transactions.) Record the transactions in Professional's journal. Round to the nearest dollar. (Use a 365-day year for computations. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 28: Performed service on account for Parkview Club, $18,000. Date Accounts and Explanation Debit Credit X More info 2018 Apr. 28 Apr. 28 Sep. 1 Performed service on account for Parkview Club, 518,000. Received an $18,000, 60-day, 12% note from Parkview Club in satisfaction of its past-duo account receivable. Collected the Parkview Club note at maturity. Oct. 31 Print Done
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