- cash loans online
- open online bank account
- e commerce notes
- mortgage note sellers
Gwynne Supply Co. has the following transactions related to notes receivable during the last 2 months of the year.
1. Nov. 1 Loaned $50,500 cash to B. Akey on a 1-year, 9% note.
2. Dec. 11 Sold goods to R. P. Mayrl, Inc., receiving a $3,500, 90-day, 9% note.
3. Dec. 16 Received a $12,000, 6-month, 9% note to settle an open account from M. Colvin.
4. Dec. 31 Accrued interest revenue on all notes receivable.
Journalize the transactions for Gwynne Supply Co.
1. Nov. 1 Loaned $50,500 cash to B. Akey on a 1-year, 9% note.
2. Dec. 11 Sold goods to R. P. Mayrl, Inc., receiving a $3,500, 90-day, 9% note.
3. Dec. 16 Received a $12,000, 6-month, 9% note to settle an open account from M. Colvin.
4. Dec. 31 Accrued interest revenue on all notes receivable.
Journalize the transactions for Gwynne Supply Co.
Basic accounting journalizing problem?
没有评论:
发表评论