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Show Me How Calculator Print Item Joumal Entries (Note Received, Renewed, and Collected) Jan 16 Received a 30-day, 9% note in payment for merchandise sale
Show Me How Calculator Print Item Joumal Entries (Note Received, Renewed, and Collected) Jan 16 Received a 30-day, 9% note in payment for merchandise sale of $20,000. Feb. 15 Received $150 (interest) on the old (January 16) note; the old note is renewed for 30 days at 11% Mar. 17 Received principal and interest on the new (February 15) note. 19 Received a 60-day, 9% note in payment for accounts receivable balance of $7,800. May 18 Received $117 (interest) plus $1,000 principal on the old (March 19) note; the old note is renewed for 60 days (from May 18) at 9%. July 17 Received principal and interest on the new (May 18) note. Prepare general journal entries for the transactions. Assume 360 days in a year. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20- 1 Jan. 16 2 2 3 Feb. 15 5 5 6 6 7 7 II III 110 8 8 9 Mar. 17 9 10 10 11 11 Check My Work Prev Save and Exit Submit A i 0 E eBook Show Me How Calculator Print Item 4 Feb. 15 5 6 6 7 8 9 Mar. 17 9 10 10 11 11 12 12 13 Mar. 19 13 14 14 15 15 16 May 18 15 17 12 18 ll llll ll1 11 1111 111 18 18 19 19 20 20 21 21 July 17 22 22 23 23 24 24 Check My Work Save and
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