PR 9-5A Notes receivable entries
The following data relate to notes receivable and interest for Viking Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
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June 3. |
Received a $24,000, 4%, 60-day note on account. |
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July 26. |
Received a $27,000, 5%, 120-day note on account. |
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Aug. 2. |
Received $24,160 on note of June 3. |
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Sept. 4. |
Received a $60,000, 3%, 60-day note on account. |
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Nov. 3. |
Received $60,300 on note of September 4. |
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5 |
Received a $36,000, 7%, 30-day note on account. |
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23 |
Received $27,450 on note of July 26. |
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30 |
Received an $18,000, 5%, 30-day note on account. |
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Dec. 5. |
Received $36,210 on note of November 5. |
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30 |
Received $18,075 on note of November 30. |
Instructions
Journalize entries to record the transactions.