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tes receivable 2. (LO 3) Sargeant Supply has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1
tes receivable 2. (LO 3) Sargeant Supply has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Dec. 11 16 Loaned CHF20,000 cash to Mary Hawkins on a 1-year, 12% note. Sold goods to Eminem, Inc., receiving a CHF9,000, 90-day, 8% note. Received a CHF8,000, 6-month, 9% note in exchange for Rick DeLong's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. Instructions a. Journalize the transactions for Sargeant Supply. b. Record the collection of the Hawkins note at its maturity in 2021.
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