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What numbers am I missing and and how do I calculate them Prepare the following Joumal entries (9) Mona wrote a $7,500, four month, 15%
What numbers am I missing and and how do I calculate them
Prepare the following Joumal entries (9) Mona wrote a $7,500, four month, 15% promissorty note dated May 1, to settle a open account. Prepare the entry that Mona would makes for the receipt of the note. On September 1, prepare the journal entry if Mona receives the payment of the note, at payment date (Honor of a note receivable) If on September 1, Mona does not receives the payment of the note, at payment date. (Dishonor of a noto receivable) Value 16 pts. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 7500 7500 1-May Notes Receivable Accounts receivable 1-Sep Cash Notes receivable Interest Revenue 7875 1-Sep Accounts Receivable Notes receivable Interest revenue Step by Step Solution
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