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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
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.)
Apr. 10. | Received a $144,000, 5%, 60-day note on account. |
May 15. | Received a $270,000, 7%, 120-day note on account. |
June 9. | 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. |
30. | Received a $210,000, 8%, 60-day note on account. |
Oct. 6. | Received $150,750 on note of August 22. |
18. | Received a 120,000, 5%, 60-day note on account. |
Nov. 29. | Received $212,800 on note of September 30. |
Dec. 17. | Received $121,000 on note of October 18. |
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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