Question: C Cornerstone Exercise 5-35 (Algorithmic) Notes Receivable Link Communications programs voicemail systems for businesses. For a recent project, they charged $135,000 The customer secured this
C Cornerstone Exercise 5-35 (Algorithmic) Notes Receivable Link Communications programs voicemail systems for businesses. For a recent project, they charged $135,000 The customer secured this amount by signing a note bearing 10% interest on February 1, 2019. Required: 1. Prepare the journal entry to record the sale on February 1, 2019. hp w Record sale plem 2. Determine how much interest Link will receive if the note is repaid on December 1, 2019. Round your answer to the nearest whole dollar e 5- 3. Prepare Link's Journal entry to record the cash received to pay off the note and interest on December 1, 2019. If an amount box does not require an entry, leave it blank. ing bata Record collection of note Check My Work more Check My Works remaning Previous Next sales, coll Collectible $52.000 All work saved minstructor Save and Exit Submit Assignment for Grading accounts 24 ty W 5 6 8 19 0
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