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Question 3 View Prides Current Attempt in Progress Orice Supply Co has the following transactions Nov 1 Leaned $63.600 cash to A Morgan on a
Question 3 View Prides Current Attempt in Progress Orice Supply Co has the following transactions Nov 1 Leaned $63.600 cash to A Morgan on a one year note 15 Sold goods to Gorgon for $14.400, 30. The couri 9.000 Orioles the petual inventory system Dec. 1 Soldes to Wrighman, Inc. receiving a $22,800, three month 7 note. The goods cost Orole $15.200 15 H. Giorg was unable to pay her account. Giorge Oriole as month, not in settlement of her account 31 Acredintreronts receiversit y Mar. 1 Collected the amount owing on the Wrightmann June 15 H. Giorg defaulted on the note. Future payment is expected Recordations for you Entry to the w onderform e to d return policy in the order wesented in the and when w e are notr e Date Accounts and explanation TO TELUR SHTETITOR TORTIVO 2 (To record cost of goods sold.) (Accept note for accounts receivable.) 2 (Accrue interest earned.) 3 (To record collection of note receivable and interest.) (To record dishonouring of note where collection is expected
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