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Son Mellow Record joumal entries for the following transactions of Wind Solutions Jan 1, 2018 Issued a $2,357,100 rote to customer Solar plex as terms

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Son Mellow Record joumal entries for the following transactions of Wind Solutions Jan 1, 2018 Issued a $2,357,100 rote to customer Solar plex as terms of a merchandise sale. The merchandise's cost to Wind Solutions is $1,006,650. Note contract terms induded a 24-month maturity date, and a 2.15 annual interest rate, Dec 31, 2018 Wind Solutions records interest accumulated for 2018 Dec 31, 2019 Wind Solutions converts Solar Plex's dishonored note into account receivable. This includes accumulated interest for the 24-month period. March 8, 2020 Wind Solutions sells the outstanding debt from Solin Plex to a collection agency at 25% of the accounts receivable value. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Jan 1, 2018 Recond sale Notes Receivable Solar Plex 2,357.100 Sales Revenue 22357.100 Jan. 1. 2018 - Cost of sale Cost of Goods Sold Merchandise Inventory 1,006 650 1,006,650 Dec 31, 2018 Interest Receivable: Solar Plex Interest Revende 49.6991 49,499.1 Dec 11, 2019 Accounts Receivables Solar Plex Notes Receivable Solar Plex Interest Receivables Solar Plex Interest Revenue Mar. 8. 2020

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