Business, 12.03.2021 15:30 kornut5536

Percy Partners had the following transactions: Oct 31Borrowed $10,000 cash from Susan Corp. Percy Gave Susan an 8-month note at 6% interest as its promise for payment.
Dec 1Performed services for a customer. The Customer gave Percy a 6-month, $900 note at 12% interest.
Dec 31
(Percy's year-end) Accrued interest on both notes for the year-end financial statements (i. e., made the appropriate adjusting record interest at December 31).

June 1Received payment (including interest) from December 1 customer note.
June 30Paid off note to Susan Corp., including interest.

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Percy Partners had the following transactions: Oct 31Borrowed $10,000 cash from Susan Corp. Percy G...

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