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Weidner Associates develops custom computer systems for auto dealers. On November 1, 2018, Weidner installed a $945,800 sales and service system for Alard Autos. Weidner
Weidner Associates develops custom computer systems for auto dealers. On November 1, 2018, Weidner installed a $945,800 sales and service system for Alard Autos. Weidner agreed to accept a $980,000 3-month, non-interest-bearing note due on February 1, 201 Weidner prepares financial statements at the end of every calendar year. Prepare all journal entries necessary for the term of the note for Weidner. (Record debits first, then credits. Exclude explanations from any journal entries. Round your answers to the nearest who dollar.) On November 1, 2018, Weidner installed a $945,800 sales and service system for Alard Autos. Weidner agreed to accept a $980,000 3-month, non-interest-bearing note. Account November 1, 2018 On December 31, 2018, Weidner records interest revenue. Account December 31, 2018 On February 1, 2019, Weidner records the collection of the note. Account February 1, 2019 On February 1, 2019, Weidner records interest revenue. Account February 1, 2019
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