The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
Chart of Accounts CHART OF ACCOUNTS CGH Cable Co. General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 111 Potty Cash 120 Accounts Receivable 129 Allowance for Doubtful Accounts 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Goods Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Ofice Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Instructions The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) June 9 Apr. 10 Received a $144,000, 5%, 60-day note on account. May 15 Received a $270,000. 7%, 120-day note on account. Received $145,200 on note of April 10. Aug. 22 Received a $150,000, 4%, 45-day note on account. Sept. 12 Received $276,300 on note of May 15. Received a $210,000, 8%, 60-day note on account. Received $150,750 on note of August 22. Received a 120,000, 5%, 60-day note on account Received $212.800 on note of September 30. Dec. 17 Received $121,000 on note of October 18. 30 Oct. 6 18 Nov. 29 Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of ac JOURNAL DATE DESCRIPTION POST. REK 3 1 4 5 6 10 11 12 15 14 15 16 19 10 19 20 21 22 25 24 25