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using the information in the fisrt pic can you help me answer questions 6,7,8 (asap pls time sensitive) Jones Company (the Company) adjusts and closes
using the information in the fisrt pic can you help me answer questions 6,7,8
Jones Company (the Company) adjusts and closes its books each December 31. It is now December 31, 2021, and the adjusting journal entries are to be made. You are requested to prepare, in general journal format, the adjusting journal entry that should be made for each lof the following items. Where appropriate, show your computations in the space provided below each item. Prepare the journal entry in the format of the attached excel spreadsheet 6. The Company received a 10% interest-bearing note from a customer with a face amount of $10,000. The note was dated September 1, 2021; the principal plus interest is payable one year later. Notes receivable was debited and Sales credited on September 1, 2021. I 7. On December 31, 2021, the property tax bill was received in the amount of $1,500. The amount only applied to 2021 and had not been previously recorded. The taxes are due and will be paid in full on January 15, 2022. 8. On April 1, 2021, the Company signed a $30,000, 8% interest bearing note payable. On that date, Cash was debited and Notes Payable credited for $30,000. The note is payable on March 31, 2022 for the face amount plus interest for one year (asap pls time sensitive)
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