Business, 18.12.2019 06:31 colton7856
Prepare journal entries to record the following transactions entered into by the ayayai corp.: (credit account titles are automatically indented when the amount is entered. do not indent manually. record journal entries in the order presented in the problem.)
2021
june 1 received a $12,000, 8%, 1-year note from dan gore as full payment on his account.
nov. 1 sold merchandise on account to barlow, inc., for $16,000, terms 3/10, n/30.
nov. 5 barlow, inc., returned merchandise worth $1,300.
nov. 9 received payment in full from barlow, inc.
dec. 31 accrued interest on gore's note.
2022
june 1 dan gore honored his promissory note by sending the face amount plus interest.
Answers: 3
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Prepare journal entries to record the following transactions entered into by the ayayai corp.: (cre...
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