Sandhill Supply Co, has the following transactions: Nov. 1 Loaned 563,600 cashito A. Morganona one-year,...
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Sandhill Supply Co, has the following transactions: Nov. 1 Loaned 563,600 cashito A. Morganona one-year, 8\%, note. 15. Sold goods to H, Giorgion account for $14,400, terms n/30. The goods cost Sandhili $9.000. Sondhilr unes the perpetuat inventory system. Dec 1 Sold goods to Wrightman inc, receiving a $22,800, three month, 6 , note. The goods cost 5 andhill $15,200. 15 H. Giargi was unable to pay her account, Giorgi gave Sandhill a socmonth, 75 note in settiement of her account. 31 Accrued interest revenue on all notes receivable. Interest is due at maturity, Mar. 1 Collected the amount owing on the Wrightman note. June H. Giorgi defaulted on the note. Future payment is expected. 15 . Record the transactions tor Sandhir Supply Co. (Credit aceount biles are automatically indented when the amount is entered Donot indent monually. If no entry is required, select "No Entry" for the acceunt titles and enter "O' for the amounts List dil debit entries before oredit entries. Recordjournalentries in the order presented in the problem) (To record cost of goods sold) (To record sales in exchange for a note receivabie) (To recoed cost of goods sold.) (To record cost of goods sold.) eTextbook and Media
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