Record the following transactions in the journal of Top Dog Running Shoes: 2008 Feb. 12 Recorded MasterCard
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Record the following transactions in the journal of Top Dog Running Shoes:
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2008 Feb. 12 Recorded MasterCard bankcard sales of $100,000, less a 2% discount. Aug. 1 Loaned $20,000 to Jean Porter, an executive with the company, on a one-year, 12% note. Dec. 31 Accrued interest revenue on the Porter note. 2009 Aug. 1 Collected the maturity value of the Porter note.
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