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this is a though one Problem 9-6A Farwell Company loses its books monthly. on September 30, selected ledger account balances are are: Notes Receivable Interest
this is a though one
Problem 9-6A Farwell Company loses its books monthly. on September 30, selected ledger account balances are are: Notes Receivable Interest Receivable $46,800 303 Notes Receivable include the following. Maker itfitlliFace Aug. 16 Aug. 25 Sept. 30 K. Goza Inc. Holt Co. Noblitt Corp. $ 15,600 12,000 19,200 60 days 60 days 6 months 10% 9% 11% Interest is computed using a 360-day year During October, the followina transactions were completed. Oct. 7 Made sales of $6,700 on Farwell credit cards Interest is computed using a 360-day year, During October, the following transactions were completed. 12 Made sales of $900 on MasterCard credit cards. The credit card service charge is 2%. 15 Added $460 to Farwell customer balances for finance charoes on unpaid balances 15 |Received payment in full from K. Goza Inc, on the amount due. 24 Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in th
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