Question

The following data relate to notes receivable and interest for Generic Optic Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
June 12. Received a $20,000, 9%, 60-day note on account.
July 13. Received a $36,000, 10%, 120-day note on account.
Aug. 11. Received $20,300 on note of June 12.
Sept. 4. Received a $15,000, 9%, 60-day note on account.
Nov. 3. Received $15,225 on note of September 4.
5. Received a $24,000, 7%, 30-day note on account.
10. Received $37,200 on note of July 13.
30. Received a $15,000, 10%, 30-day note on account.
Dec. 5. Received $24,140 on note of November 5.
30. Received $15,125 on note of November 30.

Instructions
Journalize entries to record the transactions.



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  • CreatedJuly 17, 2012
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