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Question 8 , EF 9 - 2 5 ( similar to ) Part 1 of 5 HW Score: 2 2 . 2 2 % ,
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The following selected transactions occurred during and for Siberian Importers. The company ends its accounting year on June
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Journalize all required entries. Make sure to determine the missing maturity date. Record debits first, then credits. Select the explanation on the last line of the journal entry table.
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Apr. : Loaned $ cash to Bill McCabe on a oneyear, note.
Apr. Loaned $ cash to Bill McCabe on a oneyear, note.
Jun. Sold goods to Lawn Masters, receiving a day, note for $ Ignore Cost of Goods Sold.
Jun. Made a single entry to accrue interest revenue on both notes.
Collected the maturity value of the Lawn Masters note.
Apr. Collected the maturity value of the McCabe note.
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