The following data relate to notes receivable and interest for Optic Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
June 10. Received a $15,000, 9%, 60-day note on account.
July 13. Received a $54,000, 10%, 120-day note on account.
Aug. 9. Received $15,225 on note of June 10.
Sept. 4. Received a $24,000, 9%, 60-day note on account.
Nov. 3. Received $24,360 on note of September 4.
5. Received a $24,000, 7%, 30-day note on account.
10. Received $55,800 on note of July 13.
30. Received a $15,000, 10%, 30-day note on account.
Dec. 5. Received $24,140 on note of November 5.
30. Received $15,125 on note of November 30.
Instructions
Journalize entries to record the transactions.