Question

The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.)
Mar. 8. Received a $33,000, 5%, 60-day note on account.
31. Received an $80,000, 7%, 90-day note on account.
May 7. Received $33,275 on note of March 8.
16. Received a $72,000, 7%, 90-day note on account.
June 11. Received a $36,000, 6%, 45-day note on account.
29. Received $81,400 on note of March 31.
July 26. Received $36,270 on note of June 11.
Aug. 4. Received a $48,000, 9%, 120-day note on account.
14. Received $73,260 on note of May 16.
Dec. 2. Received $49,440 on note of August 4.

Instructions
Journalize the entries to record the transactions.



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  • CreatedFebruary 28, 2014
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