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TB Problem 8-213 (Algo) Samberg Incorporated had the following... Samberg Incorporated had the following transactions. a. October 1-Sold $14,000 of merchandise on account, 2/11,
TB Problem 8-213 (Algo) Samberg Incorporated had the following... Samberg Incorporated had the following transactions. a. October 1-Sold $14,000 of merchandise on account, 2/11, n/30 to McCormick Industries. b. November 1-Received a $14,000, 90-day, 11% note from McCormick Industries to settle its $14,000 unpaid balance. c. December 31- Accrued interest on the note. (Round your answer to the nearest whole dollar amount.) d. January 31-Received the interest on the note's maturity date. e. January 31-Received the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the fim account field.) View transaction list Journal entry worksheet < A B C D' E Record the entry for sale of merchandise on account to McCormick Industries. Note: Enter debits before credits.
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