Brantley Food Supply Co. has the following transactions related to notes receivable during the last two months
Question:
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.
Journalize the transactions for Brantley Food Supply Co.
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Nov 1 Notes Receivable 15000 Cash 15000 Dec 11 Notes Receivable 8000 Sales 8...View the full answer
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Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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