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. 6. Received an $18,000, 9%, 60-day note on account.
25. Received a $10,000, 8%, 90-day note on account.
May 5. Received $18,270 on note of March 6.
16. Received a $40,000, 7%, 90-day note on account.
31. Received a $12,000, 8%, 30-day note on account.
June 23. Received $10,200 on note of March 25.
30. Received $12,080 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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  • CreatedJuly 17, 2012
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