The following data relate to notes receivable and interest for CGH Cable Co., a cable...
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Accounting
The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
Apr. 10.
Received a $171,000, 6%, 60-day note on account.
May 15.
Received a $285,300, 8%, 120-day note on account.
June 9.
Received $172,710 on note of April 10.
Aug. 22.
Received a $165,200, 4%, 45-day note on account.
Sept. 12.
Received $292,908 on note of May 15.
30.
Received a $195,000, 7%, 60-day note on account.
Oct. 6.
Received $166,026 on note of August 22.
18.
Received a 141,600, 4%, 60-day note on account.
Nov. 29.
Received $197,275 on note of September 30.
Dec. 17.
Received $142,544 on note of October 18.
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.
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