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Windsor Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries
Windsor Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $18,000 cash to Manny Lopez on a 12 month, 8% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $36,000, 90-day, 6% note. Received a $20,400, 180 day, 12% note to settle an open account from Joe Fernetti. 31 Accrued interest revenue on all notes receivable. 16 6 of 9 Notes Receivable 18000 Cash 1 M Notes Receivable 36000 Sales Revenue 6 Notes Receivable Accounts Receivable Interest Receivable Interest Revenue 20400 459 4.5/10 I Question List 180 360 2040 Question 1 Accounting Oropdown Question 2 Accounting Multistep Question 3 Accounting Multistep Question 4 Accounting Multistep Question 5 Accounting Multistep Viewing Question 6 Accounting Multistep
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