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The following selected transactions occurred during 2024 and 2025 for Baltic Importers. The company ends its accounting year on September 30. (Click the icon to
The following selected transactions occurred during 2024 and 2025 for Baltic Importers. The company ends its accounting year on September 30. (Click the icon to view the transactions.) Journalize all required entries. Make sure to determine the missing maturily date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) AULO HOW W Uxury rur car. | 1 Sep. 6: Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Ignore Cost of Goods Sold. * More Info Date Accounts and Explanation Debit Credit 2024 Sep. 6 Note Receivable-Lawn Pro Sales Revenue 11,000 2024 Jul. 1 11.000 Sep. 6 Loaned $16,000 cash to Bud Shyne on a one-year, 8% nole. Sold goods to Lawn Pro, receiving a 90-day, 6% note for $11,000. Ignore Cost of Goods Sold Made a single entry to accrue interest revenue on both notes. Collected the maturity value of the Lawn Pro note. Sep. 30 7 Sold goods for a note 2025 Sep. 30: Made a single entry to accrue interest revenue on both notes. (Use months for the one-year note interest computation and a 385-day year Accounts and Explanation Debit Jul. 1 Collected the maturity value of the Shyne note. Date Credit Print Done 2024 Sep 30 Interest Receivable Interest Revenue 363 363 Accrued interest revenue
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