Record the collection of the Buil note at its maturity in 2021. (Credit account titles...
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Record the collection of the Buil note at its maturity in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1 Click if you would like to Show Work for this question: Open Show Work Exercise 212 a-b Jasmine's Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. Nov. 1 Dec. 11 16 31 Loaned $24,000 cash to Simone Buil on a 1-year, 7% note. Sold goods to Dac Jo, Inc., receiving a $12,000, 90-day, 3% note. Received an $18,000, 6-month, 8% note in exchange for Jason Tanner's outstanding accounts receivable. Accrued interest revenue on all notes receivable. Journalize the transactions for Jasmine's Supply Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1 Notes Receivable 24000 Cash 24000 Dec. 11 Notes Receivable 12000 Sales Revenue 12000 Dec. 16 Notes Receivable 18000 Accounts Receivable 18000 Dec. 31 Interest Receivable Interest Revenue 360
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