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The following selected transactions occurred during 2024 and 2025 for Bering Importers. The company ends its accounting year on April 30. (Click the icon to
The following selected transactions occurred during 2024 and 2025 for Bering 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 Carroll Fadal on a one-year, 6% note. Date 2024 Feb. 1 Accounts and Explanation Debit Credit More info 2024 Feb. 1 Apr. 6 Apr. 30 ? 2025 Loaned $13,000 cash to Carroll Fadal on a one-year, 6% note. Sold goods to Green Pro, receiving a 90-day, 12% note for $14,000. Ignore Cost of Goods Sold. Made a single entry to accrue interest revenue on both notes. Collected the maturity value of the Green Pro note. Feb. 1 Collected the maturity value of the Fadal note. Print Done
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