These transactions took place for Splish Brothers Inc. 2021 May 1 Received a $ 4,500 , 12-month,
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These transactions took place for Splish Brothers Inc.
2021 | |||
May | 1 | Received a $4,500, 12-month, 5% note in exchange for an outstanding account receivable from R. Stoney. | |
Dec. | 31 | Accrued interest revenue on the R. Stoney note. | |
2022 | |||
May | 1 | Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2021.) |
Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Choose a transaction date | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction date | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Choose a transaction date | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount |
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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