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Samberg Incorporated had the following transactions a. October 1 - Sold $23,500 of merchandise on account, 2/10, n/30 to McCormick Industries. b. November 1 -
Samberg Incorporated had the following transactions a. October 1 - Sold $23,500 of merchandise on account, 2/10, n/30 to McCormick Industries. b. November 1 - Received a $23,500,90-day, 10% note from McCormick Industries to settle its $23,500 unpaid baiance. c. December 31-Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. January 31 - Received the interest on the note's maturity date e. January 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. (If no entry is required for a transactian/event, select "No Journal Entry Required" in the firs! account field.) Journal entry worksheet E Record the entry for sale of merchandise on account to McCormick Industries. Note: Enter debits before credits
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