Question
The following selected transactions for notes receivable are for Bellevue Limited. July 1 Aug. 1 May 1 Received a six-month, 5%, $15,360 note on
The following selected transactions for notes receivable are for Bellevue Limited. July 1 Aug. 1 May 1 Received a six-month, 5%, $15,360 note on account from Blackstone Limited. Interest is due at maturity. Accrued interest on the Blackstone note on this date, which is Bellevue's year end. June 30 Lent $12,800 cash to an employee, Noreen Wong, issuing a three-month, 7% note. Interest is due at the beginning of each month, starting August 1. Received the interest due from Ms. Wong. Sept. 1 Received the interest due from Ms. Wong. Oct. Nov. 1 1 Received payment in full for the employee note from Ms. Wong. Wrote off the Blackstone note because Blackstone defaulted. Future payment is not expected. Record the above transactions for Bellevue Limited. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.)
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