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Notes Receivable Entries

The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.) Assume 360 days in a year.

Mar. 8.		Received a $90,000, 6%, 60-day note on account.
31.		Received a $7,200, 7%, 90-day note on account.
May 7.		Received $90,900 on note of March 8.
16.		Received a $42,000, 8%, 90-day note on account.
June 11.		Received a $42,000, 9%, 30-day note on account.
29.		Received $7,326 on note of March 31.
July 26.		Received $42,315 on note of June 11.
Aug. 4.		Received a $10,800, 10%, 30-day note on account.
14.		Received $42,840 on note of May 16.
Dec. 2.		Received $10,890 on note of August 4.

Required:

Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank.

Mar. 8	Accounts PayableAccounts ReceivableCashInterest ReceivableNotes PayableNotes Receivable	- Select -
	Accounts PayableAccounts ReceivableCashInterest ReceivableNotes PayableNotes Receivable		- Select -
Mar. 31	Accounts PayableAccounts ReceivableCashInterest ReceivableNotes PayableNotes Receivable	- Select -
	Accounts PayableAccounts ReceivableCashInterest ReceivableNotes PayableNotes Receivable		- Select -
May 7	Accounts PayableAccounts ReceivableCashInterest ReceivableInterest RevenueNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest PayableInterest ReceivableNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest PayableInterest ReceivableInterest Revenue	- Select -	- Select -
May 16	Accounts ReceivableBad Debt ExpenseCashInterest RevenueNotes PayableNotes Receivable	- Select -
	Accounts PayableAccounts ReceivableBad Debt ExpenseCashInterest RevenueNotes Receivable		- Select -
June 11	Accounts ReceivableBad Debt ExpenseCashInterest RevenueNotes PayableNotes Receivable	- Select -
	Accounts ReceivableBad Debt ExpenseCashInterest RevenueNotes PayableNotes Receivable		- Select -
June 29	Accounts PayableAccounts ReceivableCashInterest ExpenseInterest RevenueNotes Receivable	- Select -	- Select -
	Accounts ReceivableCashInterest ReceivableNotes PayableNotes ReceivableUnearned Interest	- Select -	- Select -
	Accounts ReceivableAllowance for Doubtful AccountsCashInterest ExpenseInterest ReceivableInterest Revenue	- Select -	- Select -
July 26	Accounts ReceivableBad Debt ExpenseCashInterest ReceivableInterest RevenueNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest ReceivableNotes PayableNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest ReceivableInterest RevenueUnearned Interest	- Select -	- Select -
Aug. 4	Accounts ReceivableBad Debt ExpenseCashNotes PayableNotes ReceivableSales	- Select -
	Accounts PayableAccounts ReceivableCashInterest RevenueNotes ReceivableSales		- Select -
Aug. 14	Accounts PayableAccounts ReceivableCashInterest PayableInterest ReceivableNotes Receivable	- Select -	- Select -
	Accounts ReceivableAllowance for Doubtful AccountsCashInterest ReceivableNotes PayableNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest PayableInterest ReceivableInterest Revenue	- Select -	- Select -
Dec. 2	Accounts PayableAccounts ReceivableBad Debt ExpenseCashInterest RevenueNotes Receivable	- Select -	- Select -
	Accounts ReceivableAllowance for Doubtful AccountsCashInterest ReceivableNotes PayableNotes Receivable	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashInterest PayableInterest ReceivableInterest Revenue	- Select -	- Select -