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Swifty Corporation has the following transactions related to notes receivable during the last 2 months of 2020. The co Nov. 1 Dec. 11 Loaned $30,000
Swifty Corporation has the following transactions related to notes receivable during the last 2 months of 2020. The co Nov. 1 Dec. 11 Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $85,500, 90-day, 8% note. Received a $87,840, 180 day, 10% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 16 31 Journalize the transactions for Swifty Corporation (Credit account titles are automatically indented when amou the order presented in the problem.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented Date Account Titles and Explanation Debit Credit
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