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Tampa, Inc. sold pallets to Rawleigh, Inc. for $80,000 on October 1, 2020, accepting a $80.000, 6-month. 4.0% note from Rawleigh in exchange for the
Tampa, Inc. sold pallets to Rawleigh, Inc. for $80,000 on October 1, 2020, accepting a $80.000, 6-month. 4.0% note from Rawleigh in exchange for the pallets. Prepare three journal entries: Tampa, Inc.'s October entry, December 31 annual adjusting entry, and April 1 entry for the collection of the note and interest in 2021 Include the date for each journal entry and use this format: January 15. Debit Cash $100. Credit Accounts Receivable $100." O E * O 9 lige 1 Dit sc delet 5 6 N 8 9 O backs { } TY U [ ]
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