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View Policies Current Attempt in Progress The following transactions have taken place for Crown Point Corporation. The company has a December 31 fiscal year end

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View Policies Current Attempt in Progress The following transactions have taken place for Crown Point Corporation. The company has a December 31 fiscal year end and Crown Point does not maintain a separate Allowance for Doubtful Notes Receivable account. 2021 May 1 Received a $7,200, 1-year, 10% note in exchange for an outstanding account receivable from S. Dolan. Interest is due at the maturity of the note. Nov. 1 Loaned $54,000 cash to B. Younger on a 4-month. 7% note. Interest is due at the end of each month. Nov. 30 Received the interest due from B. Younger. Dec. 31 Received the interest due from B. Younger. Dec. 31 Accrued interest income on notes receivable. 2022 Jan. 31 Received the interest due from B. Younger. Younger also repaid 70% of the principal balance owing on the note at this time. Feb. 28 Wrote off the balance of the B. Younger note as Younger has defaulted. Future payments are not expected. The interest due for the month of February was not collected. Received principal plus interest on the S. Dolan note. (No further interest has been accrued since December 31, 2021.) May 1 12 PM DENG 2021-11- O ! 1) Type here to search UVVOBOOK May 1 Received principal plus interest on the S. Dolan note. (No further interest has been accrued since December 31, 2021) () Record Crown Point's transactions in the general journal. (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2TM DENG 01110 B BI Type here to search LM/VOBOOK 5 9 8 7 0. 6 5 5 2 JU 7 7 P Y U T T 5 W E R. A 5 K Assignment #4 Question 4 of 4 - / 10 (To record interest incomel To record accrued interest income) 19 o GO 0 Type here to search ASUS VIVOBOOK ware D 9 8 0 7 VE 820 6 S Va 3 2 7 9. P P U Y o 5 W T R E FABIO 6 K L OF G H I . Question 4 of 4 - / 10 To record accrued interest income OG IN R o O M Type here to search ASUS VIVOBook 7 8 8 9 9 g 5 3 4 . We 2 7 9 P U 1 T . E O Y Y R 4 5 6 K K H G De A D S F 5 E 2 2 N B M Z cv C

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