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Samberg Inc. had the following transactions a. Oct. 1 - Sold $14,500 of merchandise on account, 1/10, n/30 to McCormick Industries b, Nov. 1-Received a
Samberg Inc. had the following transactions a. Oct. 1 - Sold $14,500 of merchandise on account, 1/10, n/30 to McCormick Industries b, Nov. 1-Received a $14,500, 90-day, 10% note from McCormick Industries to settle its $14,500 unpaid balance c. Dec. 31 -Accrued interest on the note d. Jan. 31 - Received the interest on the note's maturity date e. Jan. 31 - Received the principal on the note's maturity date. Required: Prepare the required journal entries. (Round your answer to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account View transaction list View journal entry worksheet 0 Date General Journal Debit Credit Oct 01 Accounts Receivable 14,500 Sales Revenue 14,500 Nov 01Notes Receivable 14,500 Accounts Receivable 14,500 3 Dec 31 Interest Receivable Interest Revenue
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