Business, 03.04.2020 22:31 jpwalker9017
Gwynne Supply Co. has the following transactions related to notes receivable during the last 2 months of the year.
Nov. 1 Loaned $60,000 cash to B. Akey on a 1-year, 7% note.
Dec. 11 Sold good to R. P. Maryrl, Inc., receiving a $3,600, 90-day, 8% note.
Dec. 16 Received a $12,00, 6-month, 9% note to settle an open account from M. Colvin.
Dec. 31 Accured interest revenue on all notes receivables.
Journalize the transactions for Gwynne Supply Co. (Omit cost of goods sold entries)
Answers: 3
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Gwynne Supply Co. has the following transactions related to notes receivable during the last 2 month...
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