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Roger Corporation adjusts its books monthly. On September 30, 2018, notes receivable include the following: Issue Date Mar. 31, 2018 RES Inc. May 31, 2018
Roger Corporation adjusts its books monthly. On September 30, 2018, notes receivable include the following: Issue Date Mar. 31, 2018 RES Inc. May 31, 2018 Ihara Ltd. Aug. 31, 2018 Dragon Limited Sept. 30, 2018 MGH Corp. Maker Principal Interest Term 17.6008% 7months 16,600 4% 18months 2months 16months 6.5006% 21.3005% Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the Ihara and MGH notes. At September 30, the balance in the Allowance for Doubtful Notes eccount is nil. In October,the following selected transactions were completed. Oct. 1 31 Received notice that Dragon was unable to pay its note as scheduled.It expects to be able to pay in the future 31 The RES note matured and was received in full. 31 Accrued interest on the lhara and MGH notes. 31 Analyzed the remaining notes for collectibility. Estimated that $16,600 of notes may not be collectible in the future because of significant labour issues currently being experienced by Received the interest due from Ihara. lhara
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