More info \begin{tabular}{ll} \hline Oct 1 & Loaned $21,000 cash to Brandy Shields on a...
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More info \begin{tabular}{ll} \hline Oct 1 & Loaned $21,000 cash to Brandy Shields on a one-year, 10% note. \\ Dec 6 & Performed service for Lawn Pro, receiving a 90-day, 9\% note for $5,000. \\ Dec 16 & Received a $4,000, six-month, 11% note on account from Peabody \\ & Company. \\ Dec 31 & Accrued interest revenue for the year. \\ \hline \end{tabular} Requirements 1. Record the note receivable transactions in the journal of Mediterranean Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. 2. How much interest revenue did Mediterranean earn this year? Requirement 1. Record the preceding note receivable transactions in the journal of Mediterranean Services. Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Oct 1 Loaned $21,000 cash to Brandy Shields on a one-year, 10% note. Dec 31 Accrued interest revenue for the year. Accrue interest revenue on all of the notes in one entry. (Use a 365-day year for ALL interest computations. Round intermediary calculations and your final answer to the nearest whole dollar.)
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