Samberg Inc. had the following transactions. a. Oct 1- Sold $13,000 of merchandise on account,...
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Samberg Inc. had the following transactions. a. Oct 1- Sold $13,000 of merchandise on account, 1/10, n/30 to McCormick Industries. b. Nov. 1- Recelved a $13,000, 90-day, 9% note from McCormick Industries to settle its $13,000 unpald balance. c. Dec. 31 - Accrued Interest on the note. (Round your answer to the nearest whole dollar amount.) d. Jan. 31- Recelved the Interest on the note's maturity date. e. Jan. 31- Recelved the principal on the note's maturity date. (Round your answer to the nearest whole dollar amount.) Required: Prepare the required journal entries. View transaction list Journal entry worksheet D E Record the entry for sale of merchandise on account to McCormick Industries. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01 View general joumal Record entry Clear entry
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