Brantley Food Supply Co. has the following transactions related to notes receivable during the last two months of the year:
|
Nov. 1 |
Loaned $15,000 cash to Bayou Bend Restaurant on a one year, 12 percent note. |
|
Dec. 11 |
Sold goods to Walker BBQ receiving a $8,000, ninety day, 12 percent note. |
|
16 |
Received a $5,000, 180 day, 10 percent note on account from Jane’s Bakery. |
|
31 |
Accrued interest revenue on all notes receivable. |
Accrued interest revenue on all notes receivable.