working papers_Ch08 Compatibility Mode gs Review View Tell me E8.10 AaBbCcDdE AaBbCcDdE AaBbCcDdE A Heading 1 Heading 2 Heading 3 On July 4, Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 2% service fee. Prepare the entry on Restaurants books related to this transaction. (b) SupplyCo. had these transactions related to notes receivable during the last 2 months of the year. The company only makes entries to accrue interest at Dec 31. Nov01... Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec11.. Sold goods to Pine, Inc., receiving a $3,600, 90-day, 8% note. Dec16... Rec' a $12,000, 180-day, 9% note to settle an open acct tocbl from A. Murdock. Dec31 Accrued interest revenue on all notes receivable. Show your calculations for each of the three customers to get the total amount of the interest revenue Instructions Journalize the transactions for Moses Supply Co. (Omit cost of goods sold entries.) Nov 01 Dec 11 Dec 16 Dec 31 Show your interest revenue calculations for the last journal entry amount (below) Calculation of interest Customer Bohrs Note Principal 60.000 Annual Interest 7% Times" days or months 2/12 months Interest amount Pine's Note 3,600 8% 20/365 days Murdocks Note 12,000 9% 15/365 days Total Interest Revenue for the Dec 31 entry (above) FYI: You can round UP your interest total OR leave it in dollars AND cents EEE E8.10 2 T AaBbCcDdE AaBbCcDdE AaBbCcDdE AaBb Ev Heading 1 Heading 2 Heading 3 On July 4, Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 2% service fee. Prepare the entry on Restaurants books related to this transaction. (b) Supply Co. had these transactions related to notes receivable during the last 2 months of the year. The company only makes entries to accrue interest at Dec 31. Nov01 ... Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec11. Sold goods to Pine, Inc., receiving a $3,600, 90-day, 8% note. Dec16. Rec' a $12,000, 180-day, 9% note to settle an open acct recbl from A. Murdock. Dec31... Accrued interest revenue on all notes receivable. Show your calculations for each of the three customers to get the total amount of the interest revenue Instructions Journalize the transactions for Moses Supply Co. (Omit cost of goods sold entries.) Nov 01 Dec 11 Dec 16 Dec 31 Show your interest revenue calculations for the last journal entry amount (below) Calculation of interest Customer Bohrs Note Principal 60,000 Annual Interest 7% "Times" days or months 2/12 months Interest amount Pine's Note Murdocks Note 3,600 12,000 8% 20/365 days 9% 15/365 days Total Interest Revenue for the Dec 31 entry (above) FYI: You can round UP your interest total OR leave it in dollars AND cents F