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Samberg Inc. had the following transactions a. Oct. 1- Sold $21,500 of merchandise on account, 2/10, n/30 to McCormick Industries b, Nov. 1-Received a $21,500,
Samberg Inc. had the following transactions a. Oct. 1- Sold $21,500 of merchandise on account, 2/10, n/30 to McCormick Industries b, Nov. 1-Received a $21,500, 90-day, 10% note from McCormick Industries to settle its $21,500 unpaid balance c. Dec. 31- Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan. 31 -Received the interest on the note's maturity date. e. Jan. 31 - Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required Prepare the required journal entries
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