Record the following transactions for the Scott Company:

November 4	Received a $6,500, 90-day, 6% note from Michael Tims in payment of his account.
December 31	Accrued interest on the Tims note.
February 2	Received the amount due from Tims on his note.

Required:

Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.

Journalize the entry for the transaction on November 4. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2

Journalize the entry for the transaction on December 31. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.

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JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2

Journalize the entry for the transaction on February 2. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2
3
4