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Ro More info 10. 2018 Dec. 6 Dec. 31 Dec. 31 2019 Mar. 6 Jun. 30 Oct. 2 Dec. 1 Dec. 1 ub Dec.
Ro More info 10. 2018 Dec. 6 Dec. 31 Dec. 31 2019 Mar. 6 Jun. 30 Oct. 2 Dec. 1 Dec. 1 ub Dec. 30 Received a $60,000, 90-day, 9% note in settlement of an overdue accounts receivable from GG Publishing. Made an adjusting entry to accrue interest on the GG Publishing note. Made a closing entry for interest revenue. Collected the maturity value of the GG Publishing note. Loaned $11,000 cash to London Sounds, receiving a six-month, 14% note. Received a $5,000, 60-day, 14 % note for a sale to Ying Yang Music. Ignore Cost of Goods Sold. Ying Yang Music dishonored its note at maturity. Wrote off the receivable associated with Ying Yang Music. (Use the allowance method.) Collected the maturity value of the London Sounds note. Print Done
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