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s Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of
s Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.) Assume 360 days in a year. Mar. 8. 31. May 7. 16. June 11. 29. Received a $84,000, 7%, 60-day note on account. Received a $10,800, 10%, 90-day note on account. Received $84,980 on note of March 8. Received a $64,800, 9%, 90-day note on account. Received a $36,000, 12%, 30-day note on account. Received $11,070 on note of March 31. Received $36,360 on note of June 11. July 26. Aug. 4. Received a $13,200, 8%, 30-day note on account. Required: 14. Dec. 2. Received $66,258 on note of May 16. Received $13,288 on note of August 4. Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank. Mar. 8 Mar. 31 May 7 May 16 June 11 June 29 July 26 Aug. 4 Aug. 14 0 000 000 000000 0000 0 June 29 July 26 Aug. 4 Aug. 14 Dec. 2 0000 000 00
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