Question E8.12

Tomalie cred (202) Colaw Stores acred summary transactio Made Colaw che 20 Made Visa credit Stores accepts both its own and national credit cards. During the year, the following ransactions occurred (NTS in thousands). Colaw credit card sales totaling NT$18,000. There were no balonces prior to January 15. Visa credit card sales (service charge fee 2%) totaling NT$4.500. Collected NT$10,000 on Colaw credit card sales finance charges of 1.5% to Colaw credit card account balances. 5 Roh 10 15 Added finance char instructions Journalize the alize the transactions for Colaw Stores. 18.12 (LO 3) Chang Supp 2 months of 2020. The compa 2) Chang Supply has the following transactions related to notes receivable during the last F 2020. The company does not make entries to accrue interest except at December 31. Jour tran Nov. Dec. 11 Loaned HK$2 Sold goods to Leaned HK$300,000 cash to Manny Shin on a 12 month, 10% note. Sold goods to Malcolm Inc., receiving a HK$67,500, 90-day, 8% note. Received a HK$400,000, 180 day, 9% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 21 Instructions a. Journalize the transactions for Chang Supply. (Ignore cost of goods sold.) b. Record the collection of the Shin note at its maturity in 2021. E8.13 (LO 3) Record the following transactions for Redeker Group in the general journal. 2020 of ato in exchange for Mark Chamber's outstanding