The following data relate to notes receivable and interest for Vidovich Co., a financial services company. (All

Question:

The following data relate to notes receivable and interest for Vidovich Co., a financial services company. (All notes are dated as of the day they are received.)
Mar. 1 Received a $13,000, 9%, 60-day note on account.
21 Received a $7,500, 8%, 90-day note on account.
Apr. 30 Received $13,195 on note of March 1.
May 16 Received a $40,000, 7%, 90-day note on account.
31 Received a $6,000, 8%, 30-day note on account.
June 19 Received $7,650 on note of March 21.
30 Received $6,040 on note of May 31.
July 1 Received a $5,000, 12%, 30-day note on account.
31 Received $5,050 on note of July 1.
Aug. 14 Received $40,700 on note of May 16.

Instructions
Journalize the entries to record the transactions.

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Related Book For  book-img-for-question

Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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