Question: Current Attempt in Progress Ivanhoe Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $12,960
Current Attempt in Progress Ivanhoe Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $12,960 cash to J. Cashon a 1-year, 5% note. 16 Sold goods to W. Jennings, receiving a $10,800,60-day, 6% note. 31. Accrued interest revenue on all notes receivable. Journalize the transactions for Ivanhoe Distributors. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Use 360 days for calculation. List all debit entries before credit entries.]
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