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The following selected transactions occurred during 2018 and 2019 for Red Sea Importers. The company ends its accounting year on September 30 (Click the icon
The following selected transactions occurred during 2018 and 2019 for Red Sea Importers. The company ends its accounting year on September 30 (Click the icon to view the transactions) Journalize allrequired entries. Make sure to determine thesing maturity date. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jul. 1 Loaned $20,000 cash to Carl Fajar on a one-year, 8% note. Debit Credit Date 2018 Jul. 1 Accounts and Explanation More Info 2018 Jul. 1 Loaned $20,000 cash to Carl Fajar on a one-year, 8% note 6 Sep. Sold goods to Putt Masters, receiving a 90-day, 9% note for S14.000. Ignore Cost of Goods Sold. 30 Made a single entry to accrue interest revenue on both notes. ?Collected the maturity value of the Putt Masters note. 2019 Print Done
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