8 @ education.wiley.com o @ L] ARV R B e T R A YRS R s Y [l Fite @) BAB140 Lab# W Question 3 of 4 - BAB140 Lab#7 Ch8 164/3 = On August 1, Lawn Ltd. accepted a $25,400 note from Borges Ltd. in settlement of an account receivable. The note bears interest of 6% and both principal and interest are due in two months, on October 1. Interest on the note was accrued on August 31 and on September 30. On October 1, Borges paid the note, including the accrued interest. Prepare the journal entries required to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Aug.1 % Notes Receivable 25,400 ' Accounts Receivable 25,400 Aug.31 Interest Receivable 127. Deferred Revenue ' 105.48 Sept.30 Interest Receivable 105.48 Interest Expense ' 105.48 Oct.1 % Notes Receivable ' 105.48 Interest Receivable 105.48 : Accounts Receivable ' 25,400 education.wiley.com + M Order 7196100 - Mypaper.. MixiGaming GTA5 Live Str... () Courses W BAB140 Lab#7 Ch8 W Question 3 of 4 - BAB140.. Course Hero BAB100-GROUP PROJEC BAB140 Lab#7 Ch8 Question 3 of 4 1.64 / 3 9 : September 30. On October 1, Borges paid the note, including the accrued interest. Prepare the journal entries required to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Aug. 1 Notes Receivable 25,400 Accounts Receivable 25,400 Aug. 31 4 Interest Receivable 127. Inter 105.48 Interest Expense Sept. 30 4 Interest Income 105.48 Interest Payable Interest Receivable 105.48 Oct. 1 Notes Receivable 105.48 Interest Receivable 105.48 Accounts Receivable 25,400 SUPPORT eTextbook and Media