Journalize the following transactions of Constantino General Services. June 1 Received a 25-day 10% note as...

 

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Journalize the following transactions of Constantino General Services. June 1 Received a 25-day 10% note as settlement for merchandise sold, P52,500. 6 Issued a P36,000 45-day 6% note for money borrowed. 23 Received a 60-day 16% note for P120,000 from an employee for money borrowed. 25 Received a P45,000, 30-day non-interest bearing note from a credit customer. 26 Collected the note that matures today. 30 Issued a P20, 000, 60-day 10% note for merchandise bought. July 21 Paid the note that matures today. 25 Collected the note that matures today. Aug 22 Collected the note issued by the employee. 29 Paid the note that matures today. Journalize the following transactions of Constantino General Services. June 1 Received a 25-day 10% note as settlement for merchandise sold, P52,500. 6 Issued a P36,000 45-day 6% note for money borrowed. 23 Received a 60-day 16% note for P120,000 from an employee for money borrowed. 25 Received a P45,000, 30-day non-interest bearing note from a credit customer. 26 Collected the note that matures today. 30 Issued a P20, 000, 60-day 10% note for merchandise bought. July 21 Paid the note that matures today. 25 Collected the note that matures today. Aug 22 Collected the note issued by the employee. 29 Paid the note that matures today.

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Journal entries for the transactions of Constantino General Services June 1 Accounts Receiva... View the full answer