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The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they

The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.) Assume 360 days in a year.

Mar. 8. Received a $84,000, 6%, 60-day note on account.
31. Received a $19,200, 7%, 90-day note on account.
May 7. Received $84,840 on note of March 8.
16. Received a $68,400, 8%, 90-day note on account.
June 11. Received a $18,000, 9%, 30-day note on account.
29. Received $19,536 on note of March 31.
July 26. Received $18,135 on note of June 11.
Aug. 4. Received a $4,800, 10%, 30-day note on account.
14. Received $69,768 on note of May 16.
Dec. 2. Received $4,840 on note of August 4.

Required:

Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank.

Mar. 8
Mar. 31
May 7
May 16
June 11
June 29
July 26
Aug. 4
Aug. 14
Dec. 2

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