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SupplyCo. had these transactions related to notes receivable during the last 2 months of the year. The company only makes entries to accrue interest as
SupplyCo. had these transactions related to notes receivable during the last months of the year. The company only makes entries to accrue interest as of Dec
Oct Loaned $ cash to C Bohr on a month, note.
Dec Sold goods to Pine, Inc., receiving a $day, note.
Dec Rec a $day, note to settle an open acct recbl from A Murdock.
Dec Accrued interest revenue on all notes receivable. Show your calculations for
each of the three customers to get the total amount of the interest revenue.
Instructions
Journalize the transactions for Moses Supply CoOmit cost of goods sold entries.
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