Question $7$ of $7$

$\frac{2\mathrm{.}05}{3}$

View Policies

Show Attempt History

Current Attempt in Progress

Your answer is partially correct.

These transactions took place for Blossom Co$.$

$2024$

May $1$ Received a $$6,900,12-$month, $8\%$ note in exchange for an outstanding account receivable from R$.$ Stoney.

Dec. $31$ Accrued interest revenue on the R$.$ Stoney note.

$2025$

May $1$ Received principal plus interest on the R$.$ Stoney note. $($No interest has been accrued since December $31,2024.)$

Record the transactions in the general journal. The company does not make entries to accrue interest except at December $31.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$y$1,2024,$v$,$Notes Receivable,$6900,],[,$Accounts Receivable,,$],[,$Interest Receivable,,$],[,$Interest Revenue,,$=337],[,$Cash,,$],[,$Notes Receivable,,$],[,$Interest Receivable,,$],[,$Interest Revenue,,$]]$

eTextbook and Media

List of Accounts

Attempts: unlimited