Also, please create journal entries for 1/27, 3/3, 3/17, 4/16, 5/1, and 6/1. Thank you...
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Also, please create journal entries for 1/27, 3/3, 3/17, 4/16, 5/1, and 6/1. Thank you in advance.
Exercise 7-18 Notes receivable transactions c2 Prepare journal entries for the following transactions of Danica Company. Dec. 13 Accepted a $9,500, 45-day, 8% note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 12/13 12/31 Exercise 7-19 Notes receivable transactions P4 Refer to the information in Exercise 7-18 and prepare the journal entries for the following year for Danica Company. Jan. Mar. 27 Received Lee's payment for principal and interest on the note dated December 13. 3 Accepted a $5,000, 10%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company 17 Accepted a $2,000, 30-day, 9% note in granting H. Cheng a time extension on his past-due account receivable. 16 Cheng dishonored his note. 1 Wrote off the Cheng account against the Allowance for Doubtful Accounts. 1 Received the Tomas payment for principal and interest on the note dated March 3. Apr. May June
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