Question

The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
Apr. 10. Received a $ 144,000, 5%, 60-day note on account.
May 15. Received a $ 270,000, 7%, 120-day note on account.
June 9. Received $ 145,200 on note of April 10.
Aug. 22. Received a $ 150,000, 4%, 45-day note on account.
Sept. 12. Received $ 276,300 on note of May 15.
30. Received a $ 210,000, 8%, 60-day note on account.
Oct. 6. Received $ 150,750 on note of August 22.
18. Received a 120,000, 5%, 60-day note on account.
Nov. 29. Received $ 212,800 on note of September 30.
Dec. 17. Received $ 121,000 on note of October 18.

Instructions
Journalize the entries to record the transactions.



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  • CreatedJune 27, 2014
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