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Review the following note receivable transactions in the journal of Caspian Services: (Click the icon to view the transactions.) Caspian Service has a May 31
Review the following note receivable transactions in the journal of Caspian Services: (Click the icon to view the transactions.) Caspian Service has a May 31 fiscal year-end. Rand the mula mente TE Date Debit Credit Joumal Entry Accounts Nota Hoonivahin - Smith Cash Mer 14 CID 14.000 - X More info Requirements May 6 Performed service for Putt Mesters, receiving a 90-day, 7 note for $10.000 Dato Credit Joumal Entry Accounts Note Receivable. Put: Master Service Ravenue Debit 10.000 Mar 1 Laaned $14,000 cash ta Eryce Smith on a one-year, 6% note. May 6 Performer service for Fun Masters, receing a 90-day 7%, note for $10,000 May 16 Received a $5.000,-month, 12% role on account from Verna Company May 31 Accrurd nerest revenue for the year. 1. Record the role receivable transactions in the journal of Caspian Services Use a 365-day year for interest.computations, and round interest arounts to the nearesi colar 2. How much interest revenue dd Caspian eam this year? May T) III) Print Done May 16 Received a S41,080I, Slx-month, 17% nate on mount from Verna Company Print Done Date Credit Journal Entry Accounta 18 Note Receivable - Vems Company Accounts Receivable - Vurna Company Debit 5.000 May 5.000 May 31 Accrued interest revenue for the year. ACTI Interest revenue on al of the notes in one entry USR 365-day year for ALL Interest computations. Round inhemaciary calculations and your final answer to the nearest whole color.) Date Debit Credit Joumal Entry Accounts 31 Interest Receivable interest Payable May 1
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