Question: Chapter 08 Problems eBox Print Item Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company.



Chapter 08 Problems eBox Print Item Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. Assume a 360-day year. (All notes are dated as of the day they are received.) Mar. 8. Received a $33,000, 5%, 60-day note on account. 31. Received an $80,000, 7%, 90-day note on account. May 7. 16. Received $33,275 on note of March 8. Received a $72,000, 7%, 90-day note on account Received a $36,000, 6%, 45-day note on account. Received $81,400 on note of March 31. June 11. 29. July 26. Received $36,270 on note of June 11. Aug. 4. 14. Received a $48,000, 9%, 120-day note on account. Received $73,260 on note of May 16. Received $49,440 on note of August 4. Dec. 2. Required: Joumalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 8 Mar 31 May 7 HI II 1 +1 Dec. 2 BE Check My Work Previous Next Assignment Score: 29.67% All work saved. Email Instructor Save and Exit Submit Assignment for Grading
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