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Top Notch Steam Cleaning performs services on account. When a customer account becomes four months old, Top Notch converts the account to a note receivable.
Top Notch Steam Cleaning performs services on account. When a customer account becomes four months old, Top Notch converts the account to a note receivable. During 2018, the company completed the following transactions: (Click the icon to view the transactions.) Record the transactions in Top Notoh's journal. Round to the nearest dollar. (Use a 365-day year for computations. Record debits first, then credits. Select the explanation on the last line of the jounal entry table.) Apr. 28: Performed service on account for Montclair Club, $22,000. More Info Debit Accounts and Explanation Date 2018 Performed service on account for Montclair Club, $22,000. Received a $22,000, 60-day, 6% note from Montclair Club in satisfaction of its past-due account receivable. 31 28 Apr Sep. Apr 28 1 Collected the Montclair Club note at maturity Oct Print Done
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