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Teal Mountain Supply Co. has the following transactions related to Notes Receivable during the last 2 months of the year. Nov. 1 Loaned $78,000 cash
Teal Mountain Supply Co. has the following transactions related to Notes Receivable during the last 2 months of the year. Nov. 1 Loaned $78,000 cash to K. Perry on a 1-year, 9% note. Dec. 11 Sold goods to Acme, Inc, receiving a $9,900,90-day, 8% note. 16 Received a $22,400,6 month, 9% note to settle an open account from L. Richie. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Teal Mountain Supply Co. Omit cost of goods sold entries. (Credit account tities are outomatically indented When the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts)
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