The following data relate to notes receivable and interest for Vidovich Co., a financial services company. (All notes are dated as of the day they are received.)
|
Mar. 6. |
Received an $18,000, 9%, 60 day note on account. |
|
25 |
Received a $10,000, 8%, 90 day note on account. |
|
May 5. |
Received $18,270 on note of March 6. |
|
16 |
Received a $40,000, 7%, 90 day note on account. |
|
31 |
Received a $12,000, 8%, 30 day note on account. |
|
June 23. |
Received $10,200 on note of March 25. |
|
30 |
Received $12,080 on note of May 31. |
|
July 1. |
Received a $5,000, 12%, 30 day note on account. |
|
31 |
Received $5,050 on note of July 1. |
|
Aug. 14. |
Received $40,700 on note of May 16. |
Instructions
Journalize the entries to record the transactions.