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The following selected transactions occurred during 2024 and 2025 for Norwegian Importers. The company ends its accounting year on April 30. (Click the icon to
The following selected transactions occurred during 2024 and 2025 for Norwegian Importers. The company ends its accounting year on April 30. (Click the icon to view the transactions.) Journalize all required entries. Make sure to determine the missing maturity date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 1: Loaned $13,000 cash to Bill McCabe on a one-year, 6% note. More info 2024 Feb. 1 Loaned $13,000 cash to Bill McCabe on a one-year, 6% note. Apr. 6 Sold goods to Putt Pro, receiving a 90-day, 12% note for $6,000. Ignore Cost of Goods Sold. Apr. 30 Made a single entry to accrue interest revenue on both notes. ? Collected the maturity value of the Putt Pro note. 2025 Feb. 1 Collected the maturity value of the McCabe
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