What are the correct fill ins for the journals below?
On 12/12/09 Your Co. loaned B Co. 512000 on a 9% 30 dayr note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journa Account/Explanation 12/12/09 Note Receivable 12,000.00 Cash 120,000.00 (3 Co. $12000 9% 30 day note) 12/31/09 Interest Receivable Interest Revenue _- _- _- _- _- _- On 11/16/09 Your Co. loaned G Co. 530000 on a 11% 90 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. _mmm _- - - - - - - - - _ Interest Revenue _ _ _ (Maturity ofnote) On 12/20/09 Your Co. loaned | Co. $27000 on a 12% 90 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal m Account/Explanation mmm 12/20/09 Note Receivable - Cash (I Co. $27000 12% 90 day note) Interest Receivable Interest Revenue Accrue interest) 12/31/09 ('1' ! U! 3' Interest Receivable Note Receivable Interest Revenue Maturity ofnote) ""h. On 10 12 09 Your Co. oane- ACo. 30000 on a 9% 90 ay note. Recor- t ejourna entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal Account/Explanation Note Receivable Cash (A Co. $30000 9% 90 day note) 10/12/09 12/31/09 Interest Receivable Interest Revenue Accrue interest) ('1 m U! 3' Interest Receivable Note Receivable Interest Revenue Maturity ofnote) "'h. On 10/20/09 Your Co. loaned E Co. 515000 on a 7% 90 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal Date mmm 10/20/09 - - - 12/31/09 Interest Receivable - - - - - - - - On 11/14/09 Your Co. loaned C Co. 521600 on a 8% 60 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal Date mmm 11/14/09 - - - 12/31/09 Interest Receivable - - - - - - - - On 12 5 09 Your Co. oaneu D Co. 18900 on a 10% 30 nay note. Recor- t ejourna entries at issuance, year end, and maturity. Assume interest is paid at maturityr and the 360 day convention is used. General Journal m Account/Explanation mmm 12/5/09 Note Receivable - Cash (D Co. 518900 10% 30 day note) Interest Receiva ble Interest Revenue Accrue interest) 12/31/09 Interest Receivable Note Receivable Interest Revenue - (Maturity ornate) - u: 3' On 10/23/09 Your Co. loaned H Co. 521000 on a 6% 90 day note. Record the journal entries at issuance, year end, and maturity. Assume interest is paid at maturity and the 360 day convention is used. General Journal Account/Explanation Note Receivable Cash (H Co. $21000 6% 90 day note) 10/23/09 Interest Receiva ble Interest Revenue Accrue interest) 12/31/09 ('1 D U! 3' Interest Receivable Note Receivable Interest Revenue Maturity ofnote) |
